Twitter set to accept Elon Musk’s $43 billion buyout offer: report
https://nypost.com/2022/04/25/twitter-set-to-accept-elon-musks-43-billion-offer-report/
Twitter is reportedly on the verge of accepting Elon Musk’s $43 billion bid to take the social network private, according to a report.
Twitter may announce it has accepted Musk’s offer later on Monday once its board has met to recommend the transaction to Twitter shareholders, sources told Reuters. The talks are fluid and the deal could still fall apart, the sources added.
The Monday report by Reuters sent shares of Twitter soaring by more than 5% in premarket trading on Monday.
Twitter was unable to secure a so-called “go-shop” provision from Musk which would have allowed it to solicit other bids from potential buyers after the deal was signed, according to the report.