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Twitter accepts new offer from Musk

“The company’s intent is to close the transaction at $54.20 per share,” Twitter announced, in reaction to a proposal from Tesla’s CEO, sent hours earlier to the company and the US Securities and Exchange Commission (SEC).

Twitter and Musk had previously agreed to the deal to buy the company at this price, but the billionaire would back out of the transaction, arguing that he had found a material breach of several provisions of the agreement, including the number of fake accounts the company had accounted for.

In recent weeks, Musk has also criticized Twitter for having compensated former security chief Peiter Zatko without his consent, the Agence France-Presse (AFP) reported.

Read more in Jornal de Notícias

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