Twitter set to accept Elon Musk’s ‘finest and ultimate’ supply: Report

NEW YORK: Twitter Inc is nearing a deal to promote itself to Elon Musk for $54.20 per share in money, the worth that he initially supplied to the social media firm and known as his ‘finest and ultimate’, individuals accustomed to the matter stated.
Twitter could announce the $43 billion deal afterward Monday as soon as its board has met to suggest the transaction to Twitter shareholders, the sources stated. It is all the time doable that the deal collapses on the final minute, the sources added.
Twitter has not been in a position to safe thus far a ‘go-shop’ provision beneath its settlement with Musk that may enable it to solicit different bids from potential acquirers as soon as the deal is signed, the sources stated.
Still, Twitter could be allowed to accept a suggestion from one other get together by paying Musk a break-up payment, the sources added.
Twitter and Musk didn’t instantly reply to requests for remark.


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