Search
Close this search box.
Search
Close this search box.

Twitter to Accept Elon Musk’s $43 Billion Takeover Offer

Elon Musk

Twitter Inc is close to agreeing to sell the social media business to Elon Musk for roughly $43 billion in cash, the sum Elon Musk, the CEO of Tesla Inc, has described as his “best and last” offer for the company, according to individuals familiar with the issue.

Twitter may announce the $54.20-per-share agreement later Monday, sources said, when its board of directors meets to endorse the transaction to Twitter shareholders. The sources cautioned that the arrangement may potentially collapse at the last minute.

Mr. Musk, the world’s wealthiest person according to Forbes, is negotiating to acquire Twitter on a personal basis; Tesla is not a party to the transaction.

According to the sources, Twitter has been unable to get a ‘go-shop’ provision in its agreement with Mr. Musk that would allow it to solicit more bids once the contract is completed. However, Twitter would be permitted to accept an offer from another party in exchange for paying Elon Musk a break-up fee, according to the sources.

Twitter shares were up 4.5 percent to $51.15 in New York pre-market trade on Monday. Mr. Musk has stated that Twitter must be privatized in order to flourish and develop into a genuine forum for free speech.

Elon Musk announced the agreement just four days after announcing a financing package to support the acquisition. This prompted Twitter’s board of directors to take the purchase more seriously and many shareholders to urge the firm not to let the deal chance pass them by, Reuters reported on Sunday.

The sale would be an admission by Twitter that its new CEO Parag Agrawal, who joined the helm in November, is not making enough progress toward profitability, despite the fact that the business is on schedule to fulfill its lofty financial targets for 2023. As recently as November, Twitter’s shares were trading above Mr. Musk’s offer price.

Apart from this. if you are interested, you can also read EntertainmentNumerologyTech, and Health-related articles here: Yellowstone season 5Ozark season 4 part 2PUBG Redeem CodeIs Windows 11 FreeKProxyHow to play Xbox Games on PCOzark Season 5How to cancel YouTube TVChurchill Car insuranceThe Rookie Season 5DownloadhubSsr Movies7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 3

6streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!


Subscribe to Our Newsletter

Related Articles

Top Trending

Rise of Blockchain in Global Money Transfers
How Blockchain Is Disrupting Cross-Border Payments
whatutalkingboutwillis gift
Ultimate Whatutalkingboutwillis Gift Guide For The Perfect Present
bappam tv
Stream Telugu Movies on Bappam TV: Watch Bappam Telugu Movies Online
Circular Economy
The Circular Economy Explained: Why It Matters in 2025
hearthstats interesting news
Hearthstats Interesting News: Latest Updates And Real-Time Hearthstone Updates

LIFESTYLE

whatutalkingboutwillis gift
Ultimate Whatutalkingboutwillis Gift Guide For The Perfect Present
Smart Skincare
What Smart Skincare Looks Like in a World of Overload
Swim Academy in Amman
How to Choose the Right Swim Academy in Amman?
Shopping in Madrid
Shopping in Madrid: From Exclusive Boutiques to Vintage Markets: A Shopping Lover's Guide
how long does dermaplaning last
How Long Does Dermaplaning Last? All About Dermaplaning Duration

Entertainment

bappam tv
Stream Telugu Movies on Bappam TV: Watch Bappam Telugu Movies Online
doctor odyssey disney sexual harassment lawsuit
Doctor Odyssey Crew Sues Disney Over On-Set Sexual Harassment
Taylor Swift Buys Back Her First 6 Albums’ Master Recordings
Taylor Swift Buys Back Her First 6 Albums’ Master Recordings
lainey wilson boyfriend
Lainey Wilson’s Boyfriend: Love Story That Will Surprise You
jasmine crockett net worth
Jasmine Crockett Net Worth: Congress Representative Crockett's Impressive $9 Million in 2025

GAMING

Parental Guide for Kid-Friendly Gaming
Parental Guide to Safe and Age-Appropriate Gaming for Kids
How Video Games Help Reduce Stress
Gaming for Mental Health: How Video Games Help Reduce Stress
unblocked games granny
Play Granny Unblocked: Online Game Fun With Unblocked Games Granny
PC vs Console Gaming
PC vs Console Gaming: Which One Should You Choose?
Guide to Building a Custom Gaming PC
Beginner’s Guide to Building a Custom Gaming PC

BUSINESS

Circular Economy
The Circular Economy Explained: Why It Matters in 2025
Rise of Urban Micro-Fulfillment Centers
The Rise of Urban Micro-Fulfillment Centers: What It Means for E-Commerce
ftasiastock technology news
Breaking Ftasiastock Technology News: Supply Chain Insights Unveiled
Digital Nomad Taxes
Digital Nomad Taxes Explained: How to Legally Save Thousands in 2025
AI and Drones in Last-Mile Delivery
How AI and Drones Are Revolutionizing Last-Mile Delivery in 2025

TECHNOLOGY

Rise of Blockchain in Global Money Transfers
How Blockchain Is Disrupting Cross-Border Payments
Anthropic Launches Voice Chat for Claude Mobile Users
Anthropic Launches Real-Time Voice Chat for Claude Mobile Users
Instagram Story Viewer Tools
Instagram Story Viewer Tools That Actually Work in 2025
Protect Yourself from Data Breaches
How to Protect Yourself from Data Breaches?
AI Portraits
Retro Royalty: Design AI Portraits of Imaginary Kings and Queens

HEALTH

How Video Games Help Reduce Stress
Gaming for Mental Health: How Video Games Help Reduce Stress
Meaning in the Everyday
Moments that Change: Do We See the Meaning in the Everyday?
Tighten Your Skin After Losing Weight
5 Ways to Tighten Your Skin After Losing Weight
Physician Contract Negotiations
What Are the Common Red Flags in Physician Contract Negotiations?
Who Benefits Most from In-Home Care Services
Who Benefits Most from In-Home Care Services