Elon Musk has offered a $43 billion cash deal to buy Twitter outright. Musk has said that this is his ‘best and final offer’.
Twitter-Elon Musk Deal Likely : Elon Musk, the world’s richest businessman and owner of Tesla Company, may soon become the owner of social media company Twitter as well. Such hope has been expressed by the international news agency Reuters in its exclusive report. According to the report, the $ 43 billion offer made by Elon Musk is expected to be approved by Twitter’s board.
Reuters says that Musk’s offer is being seriously considered at Twitter’s board meeting. So far the indications are that the board is fully ready to accept this offer. Amidst these news, Twitter’s stock in New York saw a rise of 4.5 percent during pre-market trading and its price has reached $ 51.15 per share.
Twitter’s board may announce to accept the offer: Sources
Elon Musk, the world’s richest man, has offered a $43 billion cash deal to buy Twitter. Musk has said that this is his ‘best and final offer’. According to Reuters, according to sources who know the entire deal closely, Twitter’s board may soon announce that Musk’s offer made at the rate of $ 54.20 per share is acceptable to it.
According to sources, there is every possibility that the board of Twitter is going to recommend to its shareholders to accept this offer. However, along with this, sources also said that the possibility of this deal failing at the last minute cannot be completely ruled out.
Musk made an offer to Twitter in a private capacity
Elon Musk has offered to buy Twitter in his personal capacity. His company Tesla is not involved in this deal. Sources say that once Twitter has agreed to accept Musk’s offer, it will no longer have the right to deal with anyone else about it. But despite this, Twitter’s board can accept another buyer’s offer by paying a ‘break-up fee’ to Musk. According to Reuters, sources have given him all the information on the condition of not disclosing his name, because the whole matter is currently confidential. According to the agency, both Twitter and Musk have not responded to requests for their comments in this regard.