It seems like the month long saga between billionaire Elon Musk and social media platform Twitter is finally coming to a close, as the company might soon accept the Tesla CEO’s offer for a buyout.
After becoming a passive shareholder of the company, Musk made a surprising decision to not join Twitter’s board of directors earlier this month, and instead, the co-founder of PayPal announced his intentions to buy the company for $43 billion.
In his offer letter to the board of directors, the billionaire noted that he was providing them with his “best and final offer,” and he further explained to them how he planned on privatizing Twitter in order to protect the free speech of the platform’s users.
BREAKING: Twitter board in final negotiations with Elon Musk. Could accept buyout deal as soon as TODAY
— Jack Posobiec ???????? (@JackPosobiec) April 25, 2022
It’s been over 10 days since Musk made the humongous offer to the board of directors of Twitter, and after much consideration, it seems like the company might soon be shifting hands in favor of the world’s richest man.
According to Reuters, the company is “poised to agree” a sale to Musk, who’s valuing the company at $54.20 per share. Moreover, the article even suggested that the Twitter might announce the company’s sale as soon as Monday.
If the sale goes through, it would become one of the biggest acquisition deals in recent history, and Elon Musk will soon be in control of a website that has become a fan-favorite website for people to voice their opinions. And while we have yet to hear any reports from both Twitter and Musk about the two confirming the deal, it seems like it’s only going to be a matter of time before the billionaire signs on the dotted line to become the new owner of everyone’s favorite tweeting app.
