Elon Musk’s Twitter deal could be finalized as soon as this week – Reuters

Elon Musk has offered to buy Twitter for $43 billion.

  • Twitter is in talks with Elon Musk over his proposed $43 billion takeover bid, according to reports.
  • A deal could be finalized as early as this week, the WSJ said.
  • Musk said last week that he had secured $46.5 billion in funding to buy Twitter.
  • For more stories, visit Business Insider.

Twitter has entered talks with Elon Musk over his proposed $43 billion deal to acquire the social media company, according to multiple reports.

The two sides met on Sunday to discuss Musk’s proposed deal, Reuters and The Wall Street Journal said, citing people familiar with the matter.

A deal could be finalized as early as this week, although there is no guarantee the two sides will strike a deal, The Journal said.

Twitter executives met earlier on Sunday to reconsider Musk’s offer to buy the company, Reuters reported.

Twitter declined to comment.

In early April, Musk revealed he held a 9.2% stake in Twitter. Shortly after, he offered to buy Twitter outright for $54.20 per share.

Twitter countered its offer with a shareholder rights plan, or so-called “poison pill” defense. However, the social media company’s board appears to have softened its stance against Musk after the billionaire said last week he had secured $46.5 billion in funding for his bid.

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