According to local media reports, Tesla founder Elon Musk has finally decided to buy Twitter for $44 billion, as he announced last July.

Citing people who want to remain anonymous, the Bloomberg agency assured that the businessman submitted the new offer in a letter to Twitter, which amounts to $54.2 per share.

Newspaper for its part Wall Street Journal He noted that the new information was delivered by Musk’s lawyers on Monday night.

After hearing the news, the company’s shares rose more than 12% and even its stock market activity was suspended for a moment after the sharp jump in its valuation.

At 12:20 p.m. local time (16:20 GMT), shares of Twitter on the New York Stock Exchange were trading at $47.95 per unit.

The billionaire has neither confirmed nor denied this information, which could end the soap opera that Musk and Twitter have been diving into since last summer.

Twitter also did not make a corporate-level statement regarding this announcement half an hour after the news was made public.

And shortly after Musk confirmed he would buy online messaging, he retracted the transaction, citing substantial breaches of several provisions of the agreement, including the number of fake accounts registered by the company.

In response, Twitter sued the businessman, which led to the opening of an allegedly paralyzed judicial process scheduled to begin October 17 in Delaware.