Elon Musk could close Twitter deal today

Tesla CEO and billionaire Elon Musk recently purchased 9.2% of Twitter stock, shortly after which there was a bit of a will-he won’t-he dance with Twitter CEO Parag Agrawal. The same CEO who announced Musk was also being added to the company’s board of directors, before u-turning after a week of odd tweets from Musk. After which Musk said, essentially, sod this for a game of toy soldiers: I’m buying the lot.

Musk offered $54.20 a share for Twitter, and said if it wasn’t accepted “I would need to reconsider my position as a shareholder.” Now Bloomberg is reporting that Twitter is in the final stretch of negotiations about a sale to Musk, per someone with knowledge of the matter. The two sides could apparently “reach an agreement as soon as Monday if negotiations go smoothly”, according to this source.

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