New Delhi:

Billionaire Elon Musk proposes to go ahead with Twitter for $54.20 per share.

Two sources familiar with the matter said on Tuesday that this has led to a jump in the shares of the social media firm.

Shares of Twitter jumped 12.7% to $47.93 before halting trading for the second time, while Tesla Inc., the leading electric vehicle company under Musk, gained 1.5%.