Official profile of Elon Musk on social network Twitter. Billionaire Elon Musk bought 9% of Twitter and invested US $ 3 billion.
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twitter Shares surged more than 3% on reports that the company was approaching a deal with Elon Musk, which could be announced on Monday.
mask Early this month Offering to buy Twitter That’s $ 54.20 per share, or about $ 43 billion.Social media companies are expected to decline transactions, so-called poison To fend off potential hostile takeovers.But after Mask revealed him, Twitter became more likely to accept bids. Secure $ 46.5 billion With funding.
The company’s board of directors met on Sunday to discuss funding plans for Musk’s proposed bid. Sources close to the situation told CNBC..
Bloomberg When Reuters Both sides reported that an agreement could be reached soon on Monday.According to the board, the board negotiated with musk early on Monday. New York Times..
It’s unclear what the final deal will be, and Reuters reported on Monday that the deal could still collapse. Twitter hasn’t signed a “go-shop” deal yet, according to Reuters, so signing the deal will allow you to look for other bids. He added that if Musk pays the split fee, the company can still accept another bid.
Wall Street said the news of its openness to bids was “as the beginning of the end of Twitter as a public company that Musk is likely to be on the road to buying a company unless a second bidder is mixed in. It’s likely to be seen, Wedbush analyst Dan Ives said in a Sunday memo.
“I think they have to do most of the deal,” CNBC’s Jim Cramer said on Monday.Squawk on the StreetTwitter is set to report first-quarter earnings on Thursday, and some companies, including Kramer, expect the company to produce disappointing results.
“Today or tomorrow, closing a deal may sound pretty appealing to anyone who knows they have bad news,” Gordon Haskett said in a note on Monday. ..
Twitter declined to comment. Tesla Stock prices fell more than 1% in the morning.
Tesla and SpaceX CEOs are weeping over the acquisition of Twitter.He was building up 9% or more inventory Refused Offer to join the board Before bidding on the company.
Mask, an avid Twitter user, said, “Transform“To a private company so that it can become a forum for free speech. He also Said The interests of Twitter’s board members are “simply not in line with shareholders,” and the board says The company “has almost no shares”..
