Twitter Soars After Musk Raises Committed Bid To $33.5 Billion

Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, US, on Thursday, October 10, 2019.

Bloomberg / Getty

A new one filing a disclosure that Elon Musk plans to spend $33.5 billion in his bid to take over Twitter.

Musk is in talks with Twitter founder and former chief executive Jack Dorsey and others for financial backing or a transfer of their shares to complete the deal.

As CNBC’s David Faber previously reported, Elon Musk is expected to serve as interim CEO of Twitter months after he closed the $44 billion acquisition.

Twitter shares jumped 7% on the news.

This is breaking news. Please check back for updates.

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