Twitter in agreement talks with Elon Musk

Micro blogging giant Twitter is on talks with the world’s richest man Elon Musk, who might end up buying the social network. People, knowing about the current situation informed about the progress, on the condition of anonymity. If things work out as planned, then there are chances that the world’s richest man would unite with the influential social networking service. As per unofficial reports the board of Twitter has been negotiating with Musk and the discussing continued till the early hours of April 25, 2022.

Last week Elon musk had lined up $46.5 billion in finance for the offer. The information was given out by people who spoke on the condition of anonymity as they are not allowed to talk about the confidential information. The two parties involved are discussing about the details that includes a timeline to close a deal. The parties involved have also discussed about any fees that has to be included if an agreement is signed. The Twitter board meeting started off on April 24, 2022 that continued till early hours of April 25, 2022. There were 11 board members who are now seriously considering the offer.

Despite the lengthy board meeting, an agreement is yet to be made final. But reports say that, while it seems like a sure-short deal, there are also chances that the deal could completely crumble. However, the deal between Twitter and Elon Musk continues to remain fast-moving and fluid. Musk has nearly 83 million followers on Twitter and started to buy the shares of Twitter earlier in 2022. He declared about his intensions to buy Twitter on Aril 14, 2022 and take it private.

But his deal was decline by Wall Street as they were unclear if Musk would actually come up with the money for the deal. But Musk continued to put pressure on Twitter to seriously consider his bid as genuine. He also recently declared as to how he put together the financing from the investment bank Morgan Stanley along with a group of other lenders.

Photo Credits: Pixabay