Twitter might actually sell to Elon Musk, report claims.

Twitter might actually sell to Elon Musk, report claims

It's getting serious.

Who might actually be the owner of Twitter real soon? This guy! Credit: SUZANNE CORDEIRO / Getty Images

UPDATE: Apr. 25, 2022, 2:19 p.m. EDT According to Bloomberg, the negotiations are in their "final stretch" and the deal could be reached as soon as Monday.

Elon Musk's sudden bid to buy Twitter in April may have seemed like a publicity stunt at some point, but now it's getting serious.

According to a report by The New York Times, quoting sources with knowledge of the situation, Twitter's board is nearing a deal to sell itself to Musk. The negotiations, which are in an advanced stage, went into the early hours of Monday, the sources said.

The key moment in the negotiations was Musk's announcement, via a SEC filing last week, that he has secured $46.5 billion in financing to acquire the company.

No final agreement has been made, and the deal may still fall apart, the report claims.              

Musk started purchasing Twitter shares in January, having amassed a 9.2 percent stake by early April. A few days before announcing this publicly, he started questioning Twitter's policies and suggesting improvements to the service, including the addition of an edit button on tweets and changing Twitter's algorithms to be open source.

At one point it appeared that Musk just plans to influence Twitter by becoming a member of the company's Board, though that quickly fell through, followed by Musk's bid to buy the entire company at $54.20 per share.

More in TwitterElon Musk

Comments

  1. ;D LMAO to the people whom this angers!

    ReplyDelete
    Replies
    1. https://t.me/+prOZcv02QqcwNThk

      Delete
  2. here comes Drumpf roaring back

    ReplyDelete
  3. Bring Trump back!

    ReplyDelete
  4. Go, Elon. Go. Get us some freedom of speech.

    ReplyDelete
  5. If he buys. Twitter will be a worthless irrelevent piece of history.

    ReplyDelete
  6. Man the cancel mob must be ripping every single hair off their head right about now! Free speech will prevail bit*hes!!!

    ReplyDelete
  7. https://media1.tenor.co/images/e43f2f9afd5b146f03a0d38e96a8074e/tenor.gif?c=VjFfZmFjZWJvb2tfd2ViY29tbWVudHM&itemid=19222229

    ReplyDelete
  8. https://media1.tenor.co/images/823c337d195b34c9c76b3ed6a20ab2e0/tenor.gif?c=VjFfZmFjZWJvb2tfd2ViY29tbWVudHM&itemid=4488605

    ReplyDelete
  9. Really bad business

    ReplyDelete
  10. The guy almost owns the land, and he's getting involved with Twitter...

    He just creates his own platform.

    ReplyDelete
  11. So I have one last day to participate on Twitter.

    ReplyDelete
  12. 2022 is making last year look relatively normal...

    ReplyDelete
  13. billionaires buying media outlets, history continues to repeat

    ReplyDelete
  14. Please don’t do this!

    ReplyDelete
  15. [Internally screaming]

    ReplyDelete
  16. qu'est-ce qu'on fait ? on s'en va ou on reste ?

    ReplyDelete
  17. Time to close this account and say bye to twitter

    ReplyDelete
  18. Not gonna lie... I am going to be devastated if I lose all of you on here.

    ReplyDelete
  19. Well... It's been fun, y'all.

    ReplyDelete
  20. Alright so where are we going?

    ReplyDelete
  21. El final de la Edad de Oro del Periodismo. Lo veo.

    ReplyDelete
  22. I dislike this so much

    ReplyDelete
  23. Wir treffen uns dann ab Montag wieder bei AIM oder basteln was auf geocities, oder?

    ReplyDelete
  24. https://tenor.com/view/game-of-thrones-my-watch-ended-jon-snow-gif-22030362

    ReplyDelete

Post a Comment

Stay informed!