Twitter may actually reach a deal with ElonMusk on Monday and is expected to accept his initial $43 billion bid. Here's what we know about it so far.
Well, that escalated quickly. Elon Musk and Twitter’s board certainly had an eventful weekend and it looks like a possible deal between the two sides could be announced as soon as Monday.
On Sunday, negotiations began between Musk and Twitter regarding his offer to buy the company and take it private. And according to Reuters, Twitter is expected to accept Musk’s initial offer of $43 billion. This sudden turn of events appears to be due in large part to Musk revealing his financing plans last week, which then resulted in Twitter’s shareholders asking “the company not to let the opportunity for a deal to slip away.
Reuters also reported the following details about the possible deal reached between Musk and Twitter: All of this is occurring not long after Twitter adopted a poison pill strategy in response to the offer they’re now expected to accept on Monday. At the time of this writing Twitter is currently at $50.67 per share, according to MarketWatch.Editors' Recommendations
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