The management of twitter came to an agreement for its sale to Elon Musk instead of $ 43 billion.
According to Reuters, Musk’s proposal was accepted at noon on Monday and the announcement will be made later in the day.
The Tesla tycoon did not wait for the relevant announcements and in his own way announced that he is the one who will now have twitter in his hands.
“I hope even my worst critics stay on Twitter, because that means freedom of speech,” he said in a post.
The owner of Tesla and SpaceX earlier this month had expressed a desire to acquire Twitter for $ 54.20 a share, or about $ 43 billion in total. The company was initially going to reject the deal and he had even adopted the so-called “poison pill” to prevent a possible hostile takeover.
However, Twitter became more receptive to a possible takeover after Musk revealed that he had secured $ 46.5 billion in funding from a group of banks led by Morgan Stanley. In fact, the The platform’s board has been in talks since morning to formulate the final details.
Source: News Beast
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