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News is breaking of a reported deal reached between Elon Musk and Twitter, saying he’ll purchase the social media company for $44 billion.

The report also says news of the deal will be announced later on today:


They are all referencing the WSJ, who just updated their latest developments page with this:

The two sides worked through the night to hash out a deal that would be valued at $54.20 a share, or $44 billion, the people said. Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner.

It’s not clear why the total value of the deal has increased slightly from prior expectations, but it could be related to an updated share count.

That’s a change from what it said a few minutes ago, so it does look like a deal has been reached.

I’ll update with more confirmation as soon as I get it.

UPDATE: I should note that Musk tweeted this an hour ago…