10/4, 9:46 PM (Source: TeleTrader)
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Twitter soars 22% as company intends to strike Musk deal

Twitter's shares skyrocketed by over 22%, following fresh information that the company is willing to accept Elon Musk's proposal to acquire the firm at $54.20 per share.

"We received the letter from the Musk parties, which they have filed with the SEC. The intention of the company is to close the transaction at $54.20 per share," Twitter said. According to CNBC sources, the deal could happen as soon as Friday, as both parties agreed on the new terms.

Previously, it was known that Musk sent a letter to Twitter on Monday informing of his intention to go forward with the deal agreed to on April 25.

Baha Breaking News (BBN) / JG