Twitter is set to accept Tesla chief and billionaire Elon Musk’s offer to buy 100% of the shares in the company for USD 54.20 per share, multiple media outlets have reported on Monday.
The deal is expected to go through as soon as later today, with Twitter now working on the specific terms of the transaction, Bloomberg reported. It added that Musk is continuing to speak to potential co-investors on the deal.
Shares of Twitter rose by 3.93% on Friday to USD 48.93, even as the broader stock market fell lower. Meanwhile, dogecoin (DOGE), which is often being promoted by Musk, was the second-best performer among the top 100 cryptoassets by market capitalization today.
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