Entertainment General

Twitter Set To Accept Elon Musk’s ‘Ideal And Final’ Offer: Report

Twitter might report the $43 billion arrangement later on Monday once its board has met to prescribe the exchange to Twitter investors.

New York: Twitter Inc is approaching an arrangement to offer itself to Elon Musk for $54.20 per share in real money, the value that he initially proposed to the web-based entertainment organization and called his ‘best and last’, individuals acquainted with the matter said.

Twitter might report the $43 billion arrangement later on Monday once its board has met to prescribe the exchange to Twitter investors, the sources said. It is generally conceivable that the arrangement implodes without a second to spare, the sources added.

Twitter has not had the option to get up until this point a ‘go-shop’ arrangement under concurrence with Musk would permit it to request different offers from potential acquirers once the arrangement is marked, the sources said. In any case, Twitter would be permitted to acknowledge a proposal from one more party by paying Musk a separation charge, the sources added.