Elon Musk.Photo: ANGELA WEISS/AFP via Getty

Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art on May 2, 2022, in New York. - The Gala raises money for the Metropolitan Museum of Art’s Costume Institute. The Gala’s 2022 theme is “In America: An Anthology of Fashion”. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images)

Elon Musksays he is looking forward to completing his deal to purchase Twitter, despite believing the $44 billion price tag is a bit high.

During a Tesla earnings call on Wednesday, Musk, 51, said he is “excited about the Twitter situation,” according toVarietyandInsider. “I think it’s an asset that has sort of languished for a long time but has incredible potential.”

“Although obviously myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter in my view is an order of magnitude greater [than] its current value,” Musk said on the call, per Insider.

In a Delaware court filing dated Oct. 6, which was unsealed last week, Twitter asked to see communications between Musk and federal agents,Bloombergreported.

“Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations. Twitter wants those documents, because they bear upon key issues in this litigation,” lawyers from Potter Anderson Corroon LLP representing the social media platform said, per the outlet.

Twitter added that it had beenasking for the correspondencefor months to no avail and wanted a judge to intervene, Reuters reported.

Elon Musk.Pascal Le Segretain/Getty

BEVERLY HILLS, CA - FEBRUARY 22: CEO of Tesla and Space X Elon Musk attends the 2015 Vanity Fair Oscar Party hosted by Graydon Carter at Wallis Annenberg Center for the Performing Arts on February 22, 2015 in Beverly Hills, California. (Photo by Pascal Le Segretain/Getty Images)

Musk first agreed topurchase Twitterin April. However, nearly three months later, he announced his plans toback out of his agreement, alleging that Twitter was in “breach of multiple provisions” of an original agreement.

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Earlier this month, after months of back-and-forth between the company and the billionaire businessman, Musk sent a letter to Twitter, according toBloombergandThe New York Times. The outlets reported that in the letter, he proposed to acquire the platform at the original price he agreed on, provided Twitter dropped its lawsuit against him.

source: people.com