In the Land of Trillion Dollar Goliaths | Under pressure from shareholders, Twitter could accept Elon Musk’s offer as early as today
Twitter could agree to sell to Elon Musk for $43 billion in cash ($54.20 per share), which is what the Tesla and SpaceX CEO said is his “best and final offer.” After negotiations kicked off on Sunday with pressure from wooed shareholders, Twitter could announce the sale Monday after its board meets and discusses the deal with Twitter shareholders, according to Reuters.
According to the report, Twitter has not been able to secure a ‘go-shop’ provision under its agreement with Musk. In other words, that provision would allow Twitter to solicit other bids once the deal is signed and pay Musk a break-up fee. Twitter is up 4.5 percent in pre-market trading in New York at $51.15.
So, what happens next? Keep it tuned to Platform De.Central for all the latest. What do you think about Elon Musk buying Twitter? Let us know in the comments below.
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