Twitter and Elon Musk to make a deal soon; Twitter in the final phase of negotiations on the sale

The fight between Elon Musk and Twitter might soon come to an end, as both parties are now on the final stretch of negotiations on the sale of Twitter, according to a Bloomberg report. As per the report, the microblogging site, Twitter is about to have a deal with Elon Musk and if everything goes smooth, the move would unite the world’s richest man with the influential social networking service, Wion reported.

Twitter is working on transaction conditions and might strike a deal at the earliest, and Twitter is set to accept the offer by Elon Musk, said in the report. To take Twitter private, the billionaire Musk is ready to invest between $ 10 billion and $ 15 billion and it has been reported by New York Post. Musk made an offer to buy a 100% share in Twitter for $43 billion earlier.

In the earlier reports, it was stated that Musk absolutely wanted to buy Twitter as a whole, taking it privately to restore its commitment to what he terms “free speech”. However, soon after his speech, company Twitter started to take steps to thwart his hands with the company. The company then announced that it was taking a ‘poison pill’ move to prevent Musk from acquiring the largest share of Twitter. 

Read Also: Elon Musk and Twitter: A peep into the ongoing talks over Musk’s interest in Twitter

On April 14,  Musk said he has offered to buy a 100 percent stake in Twitter for $54.20 a share, adding that the social media entity needs to be transformed “privately”. Musk even warned Twitter, saying, “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”

However, the current plan of both the social media site and Elon Musk is unrevealed. The two sides were discussing details including a timeline to close any potential deal and any fees that would be paid if an agreement were signed and then fell apart.