BREAKING: Twitter shares halted on report that Musk plans to go through with deal at $54.20 a share - CNBC

Elon Musk Twitter
Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, potentially avoiding a courtroom fight over one of the most contentious acquisitions in recent history. 

Musk made the proposal in a letter to Twitter, according to people familiar with the matter, who asked not to be identified discussing confidential information. Shares in Twitter climbed as much as 18% on the news, and is now halted. Representatives for Musk and for San Francisco-based Twitter didn’t immediately respond to requests for comment.