Elon Musk is buying Twitter

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On Tuesday, representatives of the billionaire notified Twitter through a letter that he intends to move forward with the tumultuous deal, confirming earlier reports that things were back on track.

Musk and Twitter were headed to court over the deal, with the Tesla and SpaceX chief executive claiming that Twitter had misled him over the number of bots that existed on the social network. Without providing evidence of his claims, Musk has alleged that as much as 20% of Twitter's user base consisted of fake/spam accounts. Twitter has long maintained that less than 5% of its monetizable daily active users - a subset of its user base provided as a metric for advertisers - are bots. However, it now seems that Musk no longer intends to press the issue.