10/4, 8:21 PM (Source: TeleTrader)
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Musk, Twitter discuss how to ensure deal close - report

The world's richest man and Tesla's CEO, Elon Musk, and Twitter's lawyers are currently discussing how to ensure that the deal between the two sides closes successfully, The Wal Street Journal reported on Tuesday, citing sources familiar with the matter.

According to the information received, the judge handling the case solicited they come back to her by the end of the day with a potential plan that would allow the litigation to be dropped. Although there is no guarantee that they will decide positively, the proposal would allow them to avoid a high-stakes lawsuit that should begin soon.

Earlier, diverse media reported that Musk had sent a letter to Twitter in which he offered to finish the deal to acquire the company at $54.20 per share. At 2:16 pm ET, Twitter's shares rose 12.67%, selling for $47.93.

Baha Breaking News (BBN) / JG