The world's richest man is proposing to go ahead with purchasing the social media giant for $54.20 per share following months of legal battles, according to Reuters, citing two sources.Twitter and Mr Musk were due to be in court later this month as the company attempted to hold Mr Musk to his original $44bn offer, made in April.
Mr Musk had wanted to back out of the deal over the number of bot accounts on the platform. He said it was above Twitter's estimate of 5% of users.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Is this so elonmusk can kiss Putin arse a little more?
Here he goes again... Market manipulation