Twitter is in “advanced discussions” to accept Elon Musk’s $43 billion bid to buy the social media company, according to The Wall Street Journal.
A confirmation of the deal could come as soon as today, Bloomberg reported. Discussions are ongoing to negotiate details of the transaction that would be valued at $54.20 per share, The Wall Street Journal reported. The Wall Street Journal cautioned that there are no guarantees a deal will be finalized.
Twitter is expected to make a decision on the Musk offer by its first-quarter earnings report, which is scheduled for Thursday.
Twitter had initially balked at Musk’s offer, but the board changed its mind once Musk presented his financing plan, according to reports.
This is a developing news story, return for updates.
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