Elon Musk reverses course and offers to proceed with Twitter buyout

'The Independent' reports that Elon Musk has offered to buy Twitter for his original offer price of $54.20 a share. Bloomberg first reported on a letter to Twitter containing Musk's proposal that was later confirmed by NBC. Previously, the billionaire had been trying to exit the $44 billion deal, citing the number of bots on the platform. On October 17, Musk and Twitter were scheduled to appear in a Delaware Court of Chancery to determine the fate of the deal.