ELON Musk’s bid to buy Twitter is a handshake away from closing according to experts close to the matter.
The Tesla boss and 11-person Twitter board could finalize the acquisition as soon as today – but reports warn the deal could fall apart before the ink is dry.
The acceptance of Musk’s bid would be a shocking reversal on a deal that looked to be dead in the water.
A Saudi Arabian prince with considerable stake in Twitter rejected Musk’s bid as too low before the board even convened.
The company attempted a to swallow a ‘poison pill’ – a business strategy for preventing hostile takeovers by diluting the new party’s shares – to try stop Musk or make the buyout more expensive for him.
Mas, agora mesmo, it seems as though Musk’s “best and final offer” of $43billion stands and Twitter executives are seriously considering accepting.