Twitter to accept Elon Musk's 'best and final' offer!!!
Twitter to accept Elon Musk's 'best and final' offer!!!
Twitter may soon belong to Elon Musk, the richest person in the world. twitter Inc. is close to a deal to sell Elon Musk for $54.20 per share in cash. According to the information, this is the price that he originally offered to the social media company. Musk has called this deal 'best and final'. people watching the matter told Reuters, twitter can announce a deal worth $ 43 billion on Monday. According to the indian currency, this will be a deal worth about three and a half lakh crores.
Sources also say that it is always possible that the deal may break at the last minute. Sources said twitter is yet to secure the 'Go-Shop' provision under its agreement with Elon Musk. This will allow other bidders after the deal is signed. Musk will be allowed to accept another party's proposal by paying a break-up fee. Although twitter and Musk have not commented at the moment.
Elon Musk, the world's richest man, is in talks to buy twitter and tesla is not involved in the deal. Shares of twitter were up 4.5% on monday at US$51.15 in pre-market trading in New York. Musk has said that twitter needs to be taken personally to grow and become a real platform for freedom of expression.
The deal will happen four days after Musk announced the financial package. It has asked Twitter's board to take the deal seriously. Several shareholders asked the company not to let the opportunity of a deal go to waste. twitter shares were trading above Musk's offer price as recently as November.
Twitter may soon belong to Elon Musk, the richest person in the world. twitter Inc. is close to a deal to sell Elon Musk for $54.20 per share in cash. According to the information, this is the price that he originally offered to the social media company. Musk has called this deal 'best and final'. people watching the matter told Reuters, twitter can announce a deal worth $ 43 billion on Monday. According to the indian currency, this will be a deal worth about three and a half lakh crores.
Sources also say that it is always possible that the deal may break at the last minute. Sources said twitter is yet to secure the 'Go-Shop' provision under its agreement with Elon Musk. This will allow other bidders after the deal is signed. Musk will be allowed to accept another party's proposal by paying a break-up fee. Although twitter and Musk have not commented at the moment.
Elon Musk, the world's richest man, is in talks to buy twitter and tesla is not involved in the deal. Shares of twitter were up 4.5% on monday at US$51.15 in pre-market trading in New York. Musk has said that twitter needs to be taken personally to grow and become a real platform for freedom of expression.
The deal will happen four days after Musk announced the financial package. It has asked Twitter's board to take the deal seriously. Several shareholders asked the company not to let the opportunity of a deal go to waste. twitter shares were trading above Musk's offer price as recently as November.