The Wall Street Journal reported that the parties met on Sunday, April 24, and were “making progress”. However, the newspaper wrote that there is no agreement yet.
Competitor to Elon Musk who wants to buy Twitter: Thoma Bravo
Negotiations are in the final stages, according to The New York Times. Reuters, on the other hand, states that Twitter could demand significant compensation if the deal is broken. The parties can reach an agreement by the end of this week. Elon Musk made an offer to buy Twitter on April 14, valuing the company at $43 billion. Tesla’s boss is willing to pay $54.2 in cash for each share of Twitter.
Twitter pushes conditions for a better offer
According to sources, Musk considers the offer “the best and final”, but Twitter representatives are trying to get even better terms for the deal. But looking at the going, there is still no consensus among the shareholders and the outcome of the deal depends on the final price.
The billionaire entrepreneur previously said he wants to buy Twitter to turn it into a place based on freedom of expression. Everyone considered it a joke, but things are heading towards the fact that Elon Musk is seriously going to buy the social network.
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