Twitter set to accept Elon Musk’s ‘best and final’ offer: Report – Times of India


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 provided to the social media firm and referred to as his ‘greatest and ultimate’, individuals accustomed to the matter mentioned.
Twitter could announce the $43 billion deal in a while Monday as soon as its board has met to advocate the transaction to Twitter shareholders, the sources mentioned. It’s all the time doable that the deal collapses on the final minute, the sources added.
Twitter has not been in a position to safe up to now a ‘go-shop’ provision below its settlement with Musk that might enable it to solicit different bids from potential acquirers as soon as the deal is signed, the sources mentioned.
Nonetheless, Twitter could be allowed to simply accept a suggestion from one other social gathering 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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