Elon Musk has proposed going through with his original deal to Twitter for a whopping $44 billion, Bloomberg reported on Tuesday.
Twitter shares spiked more than 13% to $48.13 immediately following the news and were halted due to pending news.
Musk has reportedly proposed buying the site for $54.20 per share — the same price he agreed to earlier this year before saying he was pulling out of the deal.
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Twitter sued Musk in a trail that was set to open on Oct. 17.
Musk and Twitter did not immediately respond to requests for comment.
