- The chances of Elon Musk acquiring Twitter are on the rise.
- Twitter is still negotiating Musk’s offer.
Musk’s long fight to acquire Twitter probably will finally end with his victory. News has already broken on the internet that the social networking company is ready to accept the terms and conditions laid down by the Tesla founder.
Elon Musk has been a critic of Twitter’s policies for a long term now. He has been continuously sharing his plans to improve the infrastructure of the company if he takes over it. He was the biggest shareholder of Twitter and recently stated that he would consider his position as a holder if the latter denies his offer.
Finally, on April 25, Twitter started negotiating Musk’s offer of taking over the company for $46.5 billion, as the company’s stock value increased to $51 a share this morning. The arrangement is not yet settled and there are chances of it getting crashed at any moment.
It should be noted that Musk is investing his own money into this deal, and not acting as Tesla’s CEO. Therefore, there are doubts about him being able to fund the whole amount. Sources suggest that Twitter may agree to accept Musk’s “best and final” offer which is $43 billion in cash.
Neither Twitter nor Elon Musk has yet agreed to comment on the matter. However, the billionaire tweeted hours back that for him free speech holds much importance and he would suppress the voice even of his “worst critics.”