After a year of bold promises, mounting legal threats, and general umming and ahing, it looks like Elon Musk is set to buy Twitter after all.
His legal team have U-turned on the deal, which he pulled out of in July citing the number of fake accounts on the platform. Now, Musk wants to have talks with Twitter to buy the social network for £47.19 ($54.20) per share.
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What's more, he's finally revealed what he wants to actually do with the platform: create an 'everything app' called 'X'.
In a tweet late last night, Musk wrote: "Buying Twitter is an accelerant to creating X, the everything app".
He offered no further details, but speculation is rife that Musk wants to build something akin to WeChat, the Chinese social network which combines messaging, payments, social media, and more into a single platform.
Earlier this year, Musk told Twitter chairman Bret Taylor he wanted to buy the platform to unlock its 'extraordinary potential' and make it a platform for 'free speech around the globe'
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Shortly after becoming the company's largest shareholder, Musk said: "I invested in Twitter as I believe in its potential to be a platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy."
The company was poised to accept Musk's offer of a buyout, which reportedly caused chaos internally, before Musk cancelled the deal this summer claiming discrepancies in the number of 'fake accounts' on the platform.
With a major lawsuit from Twitter looming as a result, it seems like Musk is keen to buy the platform after all.
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