New Delhi: The social media platform Twitter may soon be sold in the hands of Tesla and SpaceX owner Elon Musk. Twitter can go into the hands of Elon Musk at a cash price of $ 54.20 per share. As per reports, Twitter is close to completing the deal. This is the same price that Elon Musk offered to Twitter and said that it is the best and final offer from his side. According to people close to the matter, Twitter is close to accepting the offer. According to sources, Twitter may announce the $43 billion deal late Monday after a board meeting to recommend the transaction to shareholders. However, sources also say that it is also possible that the deal may get canceled till the last minute.
Last week there was an offer to buy TwitterLet us tell you that this world’s richest person had last week offered to buy microblogging site Twitter for $ 46.5 billion. According to a report by news agency Reuters, Twitter has now made up its mind to accept this offer of Musk and the company can make an announcement only on Monday. Let us tell you that Musk had been pressurizing the company for this deal since he offered to buy Twitter. According to the report, Twitter and Elon Musk are in talks about the modalities related to this deal.
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Musk currently holds 9.2 percent stake
Tesla owner Elon Musk currently holds a 9.2 percent stake in Twitter. Musk recently bought this stake in Twitter. With this, Musk became the largest shareholder of Twitter. But later the fund held by the Vanguard Group bought a 10.3 percent stake in Twitter and it became the company’s largest shareholder.
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refused to join the board
There has been a lot of tussle between Twitter and Musk since Musk bought a 9.2 percent stake in Twitter. After Musk bought the stake, Twitter had claimed that Elon Musk could become a part of the company’s board. However, this offer was turned down by Musk. Since then, there was speculation that Musk might forcibly acquire the company.
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Source: navbharattimes.indiatimes.com
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