"Twitter, Elon Musk Deal Could Be Announced Monday; Turn of events comes days after the billionaire unveiled his $43 billion bid for the social-media company" - WSJ - SCW Newswatch
The Wall Street Journal reports on what apparently will now be a likely purchase of twitter by Tesla and SpaceX owner Elon Musk.
"Twitter Inc. ... is in advanced discussions to sell itself to Elon Musk and [reportedly] could finalize a deal Monday ... just 11 days after the billionaire unveiled his $43 billion bid .... The two sides [reportedly] worked through the night to hash out a deal that would be valued at $54.20 a share, or $44 billion .... Assuming ... [no] last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner. ... Twitter had been expected to rebuff [Musk's April 14] offer ... and put in place a so-called poison pill .... But after the Tesla ... chief disclosed ... $46.5 billion in financing and the stock market swooned, Twitter changed its posture ...."
Keywords: Twitter, Internet, Elon Musk, Social Media, Investment, Stocks, Business
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Key Words: Internet, Twitter, Elon Musk, Tesla, Investment, Social Media, Stocks, Business
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