Tesla and SpaceX have resurrected prior offers to acquire Twitter

Tesla and SpaceX have resurrected prior offers to acquire Twitter: Elon Musk, the inventor of Tesla and SpaceX, has resurrected his prior offer to acquire Twitter for $44 billion. This comes many months after previous discussions broke down, which caused the social media behemoth to sue in an attempt to compel the enormous acquisition.

In a letter that he sent to Twitter on Tuesday, Musk restated his offer and suggested that they stick with an initial deal that was struck in April for $54.20 per share. He also filed a document with the Securities & Exchange Board (SEC) declaring his intention to purchase the company. In the document, Musk stated that he intended to buy the company.