Elon Musk plans to buy Twitter

It has been confirmed that Tesla and SpaceX CEO Elon Musk sent a letter to Twitter to complete the $44 billion acquisition deal.

In the notification made to the US Securities and Exchange Commission (SEC), Musk’s letter on the subject was shared. A statement came from Twitter after Musk’s letter. In the statement, it was noted that the letter submitted to the SEC was received. “The company’s intention is to close the transaction at $54.2 per share,” the statement continued.

Twitter shares were halted after Bloomberg reported that Musk plans to re-acquire the social media platform at $54.2 per share. The company’s shares gained close to 22 percent after reopening.

This move by Musk increased the price of Doge Coin. Currently, there is an 8% increase. Of course, these prices may increase or decrease.