Billionaire businessman, Elon Musk has finally agreed to close his former $44billion offer to purchase Twitter.

According to multiple reports, Elon's lawyers sent his proposal in a letter Sunday, saying he "intends to proceed to closing of the transaction contemplated by the April 25, 2022 Merger Agreement".

Twitter responded to the news saying, "The intention of the company is to close the transaction at $54.20 per share."

Elon proposed his big-ticket offer back in April, only to reverse course a month later and attempt to torpedo the deal.

He claimed the company had not complied with its contractual obligation to hand over business info he'd requested, and complained that Twitter grossly understated the number of spam bots on its platform.

Twitter wanted to hold him to the deal, and filed a lawsuit hoping to force him to do so.