Elon Musk once again got what he wanted with his persistence. Twitter is set to accept a $43 billion cash payment offer from Elon Musk, according to leaked internally. The relevant purchase is expected to be made public shortly.
Twitter gives green light: Elon Musk is set to pay $43 billion!
An insider says twitter’s board wants to accept a $43 billion cash buyout offer made by Elon Musk, Reuters reported. The company is allegedly preparing to announce its offer of $54.20 per share to shareholders.
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But the deal is on the ropes and could be canceled at any time. That’s because Twitter is said to have so far failed to secure the “go-shop” provision, which allows it to request other offers after signings under its agreement with Musk.
Company employees who shared the information are said to want to remain anonymous because the matter is not yet being withheld. Following this claim, questions posed to Elon Musk and company executives went unanswered.
Of course, we can say that Twitter is the party that will profit from this deal. That’s because Musk’s stock, which traded on the stock market immediately after his initial purchase offer, rose 4.5 percent to $51.15. Moreover, under the latest offer, he will receive $54.20 per share.
Elon Musk said he wants to grow the platform after buying it and will make it a freer place to talk. In addition, he said he would fight Twitter’s trolls, that he wanted to lower the prices of the Blue premium subscription service, and that he intended to ban ads.