Twitter is reportedly back in talks with Elon Musk about potentially acquiring his company

Elon Musk's $44 billion offer to buy Twitter is back on the table, just days before a court battle over his effort to walk away from the deal.

Twitter is keen to make sure that Musk doesn't back out of their renewed deal this time, given the lengthy and very public legal feud between the two over the collapse of their first agreement.

 Musk had been trying to cut the price tag of the deal quietly. He originally sought a discount of up to 30 percent, valuing the social media platform at approximately $31 billion.

A key issue facing Musk is whether he will try to make the deal contingent on debt financing. Under the terms of the original agreement, he can walk away by paying a $1 billion breakup fee.