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Twitter shares halted after report Elon Musk deal to go aheadon October 4, 2022 at 5:39 pm

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Trading in Twitter shares is suspended after a report stated the billionaire will now buy the business.

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Twitter shares have been suspended following a report that Elon Musk will proceed with a takeover of the social media platform.

Mr Musk is set to buy Twitter at the original price he offered months ago before he walked away from a deal, according to Bloomberg News.

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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