The news: Tesla CEO Elon Musk told Twitter he’s willing to pay the original offer of $54.20 per share for the social media company, per Insider.
How we got here: Musk attempted to back out of the deal in July after announcing in April that he was buying the social media company for around $44 billion.
The big takeaway: Elon Musk wants to avoid going to trial.
The Delaware Court of Chancery has built a reputation for enforcing deal certainty in mergers, meaning it is likely to rule that the Twitter deal be closed, with possible damages for Musk’s delaying tactics.
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