HomeCURRENT AFFAIRSBUSINESSElon Musk To Buy Twitter

Twitter Inc. has almost decided to sell itself to the world’s richest businessman Elon Musk for $54.20 per share in cash.

According to Reuters, Elon Musk originally made this offer to the social media company and described it as “the best and final”. People related to this matter told. Sources said Twitter may announce a $43 billion deal late Monday if its board members allow this transaction for Twitter shareholders. At the same time, sources also said that it is entirely possible that this deal could be in danger at the last minute.

Twitter has so far not been able to get approval on the provision of soliciting bids from others in the agreement with Musk. Still, Twitter could accept the other party’s offer by paying Musk a break-up fee. There has been no response from both Twitter and Musk in this matter so far.

Wall Street tech analyst Dan Ives says, “We believe that no other buyers have come forward for Twitter yet.

According to Musk’s financing plan given last week, the Twitter board has reconsidered and discussed Musk’s proposal, and now media reports are coming on it, putting pressure on the board.

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