Home News Tech

Twitter in final stretch of negotiations with Musk

Bloomberg
Bloomberg4/25/2022 11:36 PM GMT+08  • 2 min read
Twitter in final stretch of negotiations with Musk
Elon Musk. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Twitter Inc. is in the final stretch of negotiations about a US$43 billion ($58.9 billion) sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said.

The social media company is working to hammer out terms of a transaction and could reach an agreement as soon as Monday if negotiations go smoothly, according to the people, who asked not to be identified because the information is private. Musk is lining up partners for the acquisition and continues to speak to potential co-investors, one of the people said.

Discussions between the billionaire Tesla Inc. chief executive officer and Twitter’s board about a takeover at US$54.20 per share continued overnight into the early hours of Monday, the people said. Shares of Twitter jumped 3.9% to US$50.84 as trading got underway in New York.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now