Twitter set to accept Elon Musk’s offer of $54.20 per share in cash: Report

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The report said Twitter may announce the deal later on Monday once its board has met to recommend the transaction to Twitter shareholders.

Twitter Inc is all set for a deal to sell itself to Elon Musk for $54.20 per share in cash – the amount that the Tesla CEO originally offered to the social media giant and called his “best and final”, people familiar with the matter said, news agency reported Reuters.

The report, citing sources, added that Twitter may announce the deal later on Monday once its board has met to recommend the transaction to Twitter shareholders. 

Twitter and Musk did not immediately comment on the development.



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