Twitter Inc is reportedly ready to agree to Elon Musk buying the company for $43 billion in cash. The CEO of Tesla Inc called this price “his best and final” offer for the social network. This was reported by people familiar with the case, writes The Jerusalem Post .
Twitter may still announce an agreement with $54.20 per share later Monday when the board meets to recommend the transaction to the company’s shareholders. There is always a chance that the deal will fail at the last minute, sources say.
According to Forbes, Musk is in talks to buy Twitter in person. Tesla is not involved.
Earlier, Twitter wanted to prevent the attempt of Elon Musk to gain control of the company. After that, Musk started considering the opportunity to buy all or some of the company’s shares through a tender offer.