Twitter began reconsidering Elon Musk’s Twitter deal on Sunday.
This came after Elon unveiled he had other buyers as well.
Twitter is reportedly re-examining SpaceX and Tesla CEO Elon Musk’s $43 billion offer to buy the Big Tech company after he revealed that he has now secured $46.5 billion for the potential buyout.
According to The Wall Street Journal, Twitter had been ready to reject the offer, but will take a new look at it after the business magnate revealed his filing with the SEC showing that he has lined up financing for the offer.
The financing includes $22.5 billion which will come from his own equities.
Now, we have this.
Twitter is now set to reach deal with Elon. The deal can be completed as early as Monday.
BBG: Twitter in final stretch of negotiations about sale to Elon Musk, could reach deal as soon as Monday, per source
— Josh Caplan (@joshdcaplan) April 25, 2022
Twitter Inc (TWTR.N) is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price that he originally offered to the social media company and called his ‘best and final’, people familiar with the matter said.
Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.
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