Elon Musk Twitter Deal: Twitter to accept Musk’s $43B takeover offer- Report

Elon Musk Twitter Deal: Social media giant Twitter will be accepting Elon Musk’s $43 billion offer to purchase the entire company despite misgivings over it being his “best and final” offer

Elon Musk Twitter Deal: Twitter to accept Musk's $43B takeover offer- Report
Elon Musk Twitter Deal: Twitter to accept Musk’s $43B takeover offer (pic: USA Today)

American billionaire and Tesla CEO Elon Musk could soon become the new owner of microblogging site Twitter. Rumors of Musk has bought Twitter are rife. On the other hand, it is learned that they are reconsidering their proposal. According to Bloomberg News, Twitter is ready to sell itself Elon Musk. The microblogging site is working to finalize the terms of the transaction, the report said.

Elon Musk Twitter Deal:

Twitter could at any time give the green signal to the $43 billion deal, or about Rs 3.25 lakh crore in Indian rupees. According to the Wall Street Journal, Twitter is reconsidering Elon Musk’s offer to buy the platform, with discussions between the two camps on Sunday.

Advertisements

Musk said on Thursday that it had secured about. 46.5 billion to finance the transaction. In addition, they are considering appealing directly to the company’s holders to take over the social media platform.

According to an official, Twitter will almost certainly accept the offer. The announcement of what will happen at the board meeting following the shareholders’ transaction recommendations is expected to be made after midnight tonight. Musk wants to buy 100 percent ownership of Twitter. For that, they are willing to pay $54.20 per share. Also Read: First Salaries Of Top Bollywood Celebs & Here’s How They Spent It!

VC: WION

Elon just recently tweeted “I hope that even my worst critics remain on Twitter, because that is what free speech means”. which clearly indicates the deal is almost final.

Advertisements

Why does Elon Musk want to buy Twitter?

Alan Musk had offered to buy Twitter on April 14, but did not say how to finance it. Alan Musk says he wants to buy Twitter. Because they don’t think it’s living up to its potential as a platform for free expression.

CREDIT: INDIA TODAY

Advertisements

Leave a Reply

Your email address will not be published.