Twitter reportedly “set to accept” Elon Musk’s offer to buy the company
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Twitter's board of directors is reportedly on the verge of accepting Elon Musk's offer to buy the company, according to news reports.
"Twitter is poised to agree [to] a sale to Elon Musk for around $43 billion in cash" and "may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders," Reuters wrote in a story with the headline, "Twitter set to accept Musk's original $43 billion offer." Reuters cited "people familiar with the matter."
The Wall Street Journal reported that "Twitter is in advanced discussions to sell itself to Elon Musk and could finalize a deal Monday," after "the two sides worked through the night to hash out a deal." Bloomberg similarly wrote that Twitter and Musk are "in the final stretch of negotiations... and could reach an agreement as soon as Monday if negotiations go smoothly." Bloomberg also wrote that "the situation is fluid, and talks could drag on longer or fall apart."