Musk reverses course, again: he’s ready to buy Twitter, build ‘X’ app

Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc (TWTR.N) 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.

Musk, the chief executive of electric car maker Tesla Inc (TSLA.O), will take over a company he originally committed to buying in April, but soon soured on.