Musk Revives $44 Billion Twitter Bid, Aiming to Avoid Trial (4)

Elon Musk revived a bid to buy Twitter Inc. at the original price of $54.20 a share, backtracking on his effort to quit the deal and potentially avoiding a contentious courtroom fight.

Musk made the proposal in a letter to Twitter on Monday, according to a filing with the Securities and Exchange Commission that confirmed a Bloomberg report. San Francisco-based Twitter said it received the letter and intends to close the deal at the agreed-upon price, without commenting specifically on how it will respond to Musk.

For Twitter, proceeding with Musk’s plan augurs a future under a mercurial billionaire who ...