Twitter Inc is poised to accept billionaire Elon Musk’s “best and final” $43 billion takeover offer, people familiar with the matter told Reuters on Monday. Read: Twitter, under shareholder pressure, begins deal talks with Musk – sources This comes on the heels of Musk announcing that he had secured $46.5 billion in debt and equity financing for the deal.
Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days after he had disclosed an over 9% stake. The tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies: The tech entrepreneur’s investments in other smaller startups:
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Elon Musk, Twitter board discuss takeover bid - IT-OnlineElon Musk is one step closer to his goal of acquiring Twitter. The world’s richest man met with the Twitter board yesterday, apparently to discuss details of a potential deal. Musk earlier this week announced his intention to acquire the company through a hostile takeover after buying up more than 9% of Twitter’s shares. He […]
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