- Twitter ( NYSE: TWTR ) has been halted for volatility, jumping 6.7% on reports that billionaire Elon Musk has sent a letter to the company proposing to proceed with his $44B buyout deal at the agreed price.
- That price was $54.20, and Twitter stock jumped to $45.40 per share before the halt.
- Tesla stock ( TSLA ) has quickly pared some heevy gains and now is up just 2.5% on the day. It's generally expected that Musk would need to sell his holdings fairly heavily to complete his personal financing of the Twitter deal.
- Developing story ...
For further details see:
Twitter halted on jump amid report Musk proposes completing deal