BREAKING NEWS

Twitter plans to close Musk deal on previously agreed terms - JPMorgan exec

Twitter plans to close its deal with billionaire Elon Musk on previously agreed price and terms, Anu Aiyengar, global co-head of mergers and acquisitions at JPMorgan Chase & Co, told a conference in New York.

Earlier this month, Musk proposed to proceed with his original $44 billion bid, calling for an end to a lawsuit by the social media company that could have forced him to pay up.

JPMorgan JPM.N and Goldman Sachs GS.N are Twitter's financial advisors.

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