Twitter Board Considering Elon Musk’s Offer To Takeover

Elon Musk (Image courtesy: Instagram)

New Delhi: Twitter is considering the offer made by Elon Musk to buy the company for $43 billion after days of dramatic developments from both ends.

According to Reuters, Twitter is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price that he originally offered to the social media company and called his ‘best and final’.

Reportedly, the Twitter board of directors met on Sunday and discussed the offer made by Elon Musk. The reports also suggest that Musk had a meeting with the board on Monday to discuss the details and timeline for the deal to be closed.

However, the reports suggested that the deal is yet to be finalized and made official from any of the sides and it might close in the future.

Earlier this month, the Twitter board tried to counter the attempt of a hostile takeover by Elon Musk, by filing the shareholders’ rights plan.

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