Billionaire Elon Musk is proposing to proceed with his original $44-billion bid to take Twitter Inc private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to or not.
An agreement would put the world’s richest person in charge of one of the most influential media platforms and end months of litigation that damaged Twitter‘s brand and fed Musk‘s reputation for erratic behaviour.
