Twitter may accept Musk’s $43 billion offer today

That went quickly. It looks like a possible deal between the two sides could be announced as soon as Monday, after a busy weekend for both sides.

Musk offered to buy the company and take it private. The initial offer of $43 billion from Musk is expected to be accepted by Twitter. This sudden turn of events appears to be due in large part to Musk revealing his financing plans last week, which then resulted in the shareholders asking the company not to let the opportunity for a deal to slip away.

The possible deal between Musk and the social network was reported by the news agency.

• The deal amounts to $54.20 per share.
• The deal still needs to be recommended to shareholders by the Twitter’s board, and Reuters’ unnamed sources said that it may still “collapse at the last minute.”
• Its current iteration does not have a provision that allows Twitter to shop for other bids after signing this deal. But that doesn’t mean it couldn’t accept an offer from someone else. Twitter can do that, but it would have to pay a “break-up fee” to Musk.

After adopting a poison pill strategy to defend against the offer they are expected to accept on Monday, all of this is happening. According to MarketWatch, at the time of writing, it was at $50.67 per share.

As more details emerge, we will update this story.

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