Elon Musk proposed to buy Twitter for $44 billion on Monday, according to an SEC filing. Twitter's stock rose 13% Tuesday after Bloomberg reported the news. Twitter didn't immediately react
Musk couldn't be contacted.
The sale will proceed if the Delaware court handling Twitter's case against Musk stops the dispute, the letter says.
The deal might resolve a months-long struggle between the two parties, including a pending lawsuit in Delaware.
Wedbush Securities' Dan Ives said in a note to clients Tuesday that Musk knew prevailing against Twitter's board was implausible and the $44 billion purchase will be finalised one way or another.
Some Twitter workers are worried.
One Twitter employee told NBC News, "Just do it or don't"
Twitter's director of machine learning ethics, transparency, and accountability expressed displeasure.
She tweeted, "Living succession is f——— tiring."