TechnologyTwitter to Accept Elon Musk’s Bid, Negotiation at Peak

Twitter to Accept Elon Musk’s Bid, Negotiation at Peak

-

- Advertisment -spot_img
Everything on JUMIA

With the information at our disposal, Twitter is reportedly prepared to accept Elon Musk’s offer to buy the company for $54.20 per share.

Elon Musk Sets to Buy Twitter for $41 Billion
Elon Musk 

According to Bloomberg, the deal could be reached today if negotiations go smoothly.

Last week, it was reported that Mr. Musk had secured the funding for the deal, after he bought more than 9 per cent of Twitter, making him the biggest company’s biggest shareholder on 9 April.

Flash Sales

Read Also: Police Arrested Man with Six Foreign Pistols

On 14 April, Musk announced an offer to buy the social media platform for about $43 billion. The billionaire has commitments from Morgan Stanley and other financial institutions, he said in documents published by the US Securities and Exchange Commission, pushing back against rumours that he did not have enough liquid cash to make the deal.

Twitter had originally enacted an anti-takeover measure known as a poison pill that could scuppor a takeover attempt by making it too expensive, but apparently decided to negotiate following an updated proposal from Mr. Musk.

Read Also: Elon Musk Sets to Buy Twitter for $41 Billion

The board apparently wants to know if there are any more active investigations into Mr. Musk from regulators like the SEC that could stop the deal falling through, and if Mr. Musk buying the company would be too great a risk, there could be a break-up fee for Twitter.

newswebbshttps://newswebbs.com
New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Anambra: Gunmen Attack INEC Office, Police Station

ANAMBRA - Yet-to-be identified gunmen have attacked the office of the Independent National Electoral Commission, INEC, in Ojoto, Idemili...

Police Arrest Suspected Killer, Cultists, Kidnappers In Ibadan

Ibadan, Nigeria - Police have arrested and paraded suspected killer alongside other suspects who committed offences including kidnapping, cultism,...

Nasarawa: EFCC Nabs 28 Suspected Internet Fraudsters

Nasarawa, Nigeria - Men of the Economic and Financial Crimes Commission (EFCC) have reportedly nabbed 28 suspected internet fraudsters...

CBN: Each Bank Branches Get N30M Of New Naira Notes Daily

Bauchi, Nigeria - The Central Bank of Nigeria (CBN) has said that it distributes thirty million naira (N30,000,000) on...
- Advertisement -spot_imgspot_img

Pakistan Mosque: Scores Killed In Blast Targeting Police Officers

In a mosque blast that targeted police officers in Northwestern Pakistan, at least 80 people died while up to...

Lockdowns Facilitate Up To Tenfold Rise In Child Sexual Acts

A new data has unveiled that content of young children engaging in sexual acts on camera has risen by...

Must read

Lockdowns Facilitate Up To Tenfold Rise In Child Sexual Acts

A new data has unveiled that content of young...

UN Seek Funds For Malnourished Children

In a bid to save malnourished children, the United...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More