Tesla CEO Elon Musk may take over Twitter this week, according to a recent report.
According to a report by The Wall Street Journal, Elon Musk may be on track to sign a deal with social media giant Twitter earlier this week. As previously reported, Musk sparked controversy earlier this month after announcing his bid to make Twitter private for $43 billion. Prior to that, it bought more than 9% stake in the social media platform.
Musk’s offer was not accepted by the management. However, the company reportedly decided to give the deal another chance due to pressure from shareholders.
Twitter is expected to confirm the matter before revealing its first-quarter earnings on Thursday. Some of the company’s shareholders rallied behind Musk after meeting with him on Friday. Of course, the big deal could still fall through. According to the news, some differences need to be fixed before the purchase is finalized.
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