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Twitter Shares Rise 22% After Elon Musk Revives Deal for Company Purchase

Elon Musk reversed his decision and now proposes to purchase Twitter at $54.20 per share, according to a regulatory filing. Twitter shares rose more than 22% in the wake of the news.

Social media company, Twitter, issued a statement confirming receipt of the letter. It stated that it was closing the transaction at $54.20 per Share.

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