Elon Musk vs Twitter: The world’s richest man Elon Musk is going to be very occupied on the social microblogging site Twitter. Indeed, the deal between Tesla CEO Elon Musk and Twitter Inc. is in the final stage. According to a Bloomberg report, Twitter Inc. is in talks about a sale to Elon Musk and is in the final stages. A decision on this can come as soon as possible.
The report added that the microblogging site is working to finalize the terms of the transaction and if the talks go smoothly, a settlement could take place within weeks.
Deal can be done for US $ 46.5 billion
According to the news, Elon Musk has come very close to a proposed buyout deal in Twitter Inc. for $54.20 per share in cash. Last week Musk said he had offered to buy Twitter for US$46.5 billion. He described this price as his maximum and final offer. Last week, he said in documents filed with US securities regulators that the money would come from Morgan Stanley and other banks, some of which are protected by his large stake in the electric carmaker.
Also read- This share of Rs 3 made ₹ 1 lakh in 12 months, Rs 87.53 lakh
Why Musk is looking to buy Twitter
Musk, the chief executive of electric car giant Tesla, has been meeting with Twitter shareholders over the past few days to seek support for his bid. He has said that Twitter needs to be taken personally to grow and become a real platform for freedom of expression.
Also read- Competition to sell the shares of this company after the cancellation of the deal of ₹ 24,713 crore, all the shares in the lower circuit
Last week, Musk told the stock exchange, “I invested in Twitter because I believe in its potential to become a major platform for free expression around the world, and I believe free expression is a social imperative for a functioning democracy.” is.”