Twitter officially accepts Elon Musk's buyout offer, internet erupts
Twitter has officially announced in a press release that it 'entered into a definitive agreement' with Elon Musk to sell Twitter.
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Twitter has officially announced in a press release that it 'entered into a definitive agreement' with Elon Musk to sell Twitter.
Sources close to the deal have said that Twitter's board is facing pressure from shareholders to reconsider Elon Musk's deal.
Elon Musk's offer for Twitter is a 54% premium over the company's share price.
Elon Musk is preparing a backup plan in case Twitter shareholders reject his $43 billion offer. Elon Musk has recently revealed he is "not sure" about a successful 100% acquisition of the social media platform, Twitter.
“I have a strong point of view that people who are critical of our service, their voice is something that we must emphasize so that we can learn and get better,” he said.