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According to a report in the New York Post, Twitter is preparing to accept Tesla billionaire Elon Musk’s $43 billion dollar offer for the social media platform —but there’s still a chance it may fall through.
“Twitter may announce it has accepted Musk’s offer later on Monday once its board has met to recommend the transaction to Twitter shareholders, sources told Reuters. The talks are fluid and the deal could still fall apart, the sources added,” the Post reports.
The news spiked shares of Twitter by more than 5% in premarket trading on Monday.
“Twitter was unable to secure a so-called ‘go-shop’ provision from Musk which would have allowed it to solicit other bids from potential buyers after the deal was signed, according to the report,” the Post continues.
This story is developing…
— New York Post (@nypost) April 25, 2022