6 Oct 2022

Elon Musk claims he's changed mind on Twitter purchase

From Morning Report, 6:51 am on 6 October 2022

Billionaire Elon Musk has apparently changed his mind about buying Twitter, again, and is now willing to proceed with his takeover of the social media platform.

In a letter to the firm, Mr Musk agreed to pay the price he offered months ago before trying to quit the deal.

The surprise reversal comes just weeks before the two sides were due in court.

But there is speculation the offer could be less than genuine.

Wedbush Securities investment banking firm managing director Dan Ives spoke to Corin Dann.