Elon Musk is set to buy Twitter for US$44 billion.
Twitter shares have been suspended following a report that Elon Musk will proceed with a takeover of the social media platform.
According to Bloomberg News, Mr. Musk is set to buy Twitter at the original price of US$44 billion he offered months ago before walking away from the deal.
Shares in Twitter were up almost 13% before trading was halted.
Mr. Musk was due to face Twitter in court later this month after he tried to pull out of the takeover.
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