Twitter deal
Twitter to make announcement on Elon Musk's takeover offer soon: Reports
San Francisco/IBNS: Twitter Inc. is in its final lap to make an announcement over Tesla CEO Elon Musk's $43 billion takeover offer, a deal if finalised would rank as one of the biggest-ever leveraged buyouts of a listed company.
Twitter Inc is expected to accept the $43 billion takeover deal offered by Elon Musk, The Wall Street Journal reported.
As per reports, Musk has called this his "best and final" offer for the micro-blogging platform.
Twitter is expected to announce the $54.20-per-share deal later on Monday.
Musk earlier said Twitter needs to be taken private to grow and become a genuine platform for free speech.
He currently owns 9.1 per cent stake in Twitter and is the platform's second-biggest shareholder.
Twitter had previously invited Musk to join its board of directors, but the SpaceX head declined.
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