ELON Musk is set to go ahead with his original offer to buy social media giant Twitter, after shares in the platform were suspended yesterday.

The social media platform confirmed with City A.M. that the serial entrepreneur intended to buy Twitter for his original $44bn offer.

"We received the letter from the Musk parties which they have filed with the SEC. The intention of the company is to close the transaction at $54.20 per share," Twitter said.

It comes as the Tesla founder was due to appear in court later this month over his attempts to pull out of the original takeover deal in July.

Twitter shares surged on reports.

(c) 2022 City A.M., source Newspaper