Twitter board close to finalising $43bn sale to Elon Musk
Twitter may announce the sale later today
The board of Twitter is understood to be close to finalising a deal to sell the social media platform to billionaire Elon Musk, the world’s richest man.
Reuters reported on Monday that the company is nearing a deal to sell itself for $54.20 per share in cash, the price that he originally offered and called his 'best and final', people familiar with the matter said.
Twitter may announce the $43bn deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said.
It is always possible that the deal collapses at the last minute, the sources added.
Twitter had kicked off deal negotiations with Musk on Sunday after he wooed many of the social media company's shareholders with financing details on his $43bn acquisition offer, people familiar with the matter said.
TAG TEAM | Sex worker and pimp boyfriend who threatened to expose her ‘clients’ are jailed
All Heart | Conor McGregor donates €10,000 to Heart Centre at Our Lady’s Children’s Hospital
CRIME TO CALL IT | ‘I’m quitting life of crime’, says prolific offender with almost 300 convictions
'absolute joke' | Driving instructor who told woman ‘who’s your daddy’ 15 times among complaints to RSA
taking the rap | Man ‘not the criminal mastermind’ in €4k cocaine haul, court hears
Unison Festival | Free summer music festival in Balbriggan and Blanchardstown announced with amazing line-up
'HUMBLED' | Family grateful for ‘incredible’ help finding 93-year-old dad who went missing
LIV Row | ‘My own country thought it was acceptable to lock up unmarried mothers as late as 1996’ – Padraig Harrington
life-saving transplant | Cancer patient taking major steps towards recovery after stem cell transplant
Guilty Plea | Man hit and threw brother to floor in phone-shop attack, court told