Yes
Elon Musk has decided to proceed with a $44 billion buyout of Twitter.
This is according to a letter his lawyer sent to Twitter's legal team on Tuesday.
According to the letter, Musk has agreed to complete the transaction in accordance with the merger agreement he signed on April 25, in which he agreed to pay $54.20 per share.
Twitter announced in a statement that they received the letter and intend to complete the transaction at the main share price offered by Musk's team.
According to The Washington Post, "the company plans to accept the offer but is waiting for confirmation that the judge can oversee the process," said a person familiar with the discussions who spoke on the condition of anonymity to discuss sensitive matters.
"Because there is still a lack of trust on both sides," the source explained, "Twitter's board is still debating whether the letter is a legal maneuver."
The agreement would preclude a trial scheduled for October as a result of Musk's efforts to withdraw from his original acquisition agreement.