Elon Musk: Twitter may approve a deal to sell the social media platform business to Tesla CEO Elon Musk. Elon Musk had offered to buy Twitter at a rate of $ 54.20 per share and according to media reports, the Twitter board can approve the offer. Which can be announced till late on Monday. The Twitter board will sit today to discuss Elon Musk’s offer in which the transaction can be approved.
Earlier it was reported that Twitter is seriously considering Tesla CEO Elon Musk’s offer to buy Twitter. Negotiations are going on between the two sides regarding this deal. After refusing earlier, Twitter is now taking a fresh look at Elon Musk’s proposal.
Elon Musk has already said that he has arranged the necessary $ 46.5 billion in funding to buy Twitter. Now they are going to appeal directly to the shareholders of Twitter as they want to buy this social media platform. Earlier, Twitter’s board of directors had rejected Elon Musk’s proposal outright.
Elon Musk offered to buy Twitter for $41 billion. Elon Musk has offered to buy Twitter at the rate of $ 54.20 per share. Which is 38 percent more than the closing rate of Twitter’s share of April 1, 2022. Musk’s offer has been disclosed in a regulatory filing. Earlier, he had turned down an offer to join Twitter’s board. Tesla CEO Elon Musk’s offer to buy social media platform Twitter for $54.20 a share, Saudi Arabia’s Prince Al Waleed bin Talal Al Saud, who has invested in Twitter, tweeted Elon Musk. The offer was turned down.