While attention turns to know the fate of Twitter after the show American billionaire Elon Musk Buying it for $43 billion, the blue bird is working on closing the deal as soon as this week.
After 10 days of the show, it seems that the platform made a decision after a meeting between the two sides held on Sunday, in a major turn of events, according to the newspaper, “The Wall Street Journal” today, Monday.
A final agreement is near..without evidence!
The two sides met and reached an agreement with the exception of some issues, according to people familiar with the matter.
However, they pointed out, however, that there is no conclusive evidence that a final agreement has been reached between the two parties, despite the consultations that took place yesterday.
Increasing pressure on the platform
It is noteworthy that informed sources had announced that Twitter is under increasing pressure from its shareholders to negotiate with Musk, although the richest person in the world described his offer of $ 43 billion to buy the social networking platform as his best and final offer.
The sources added, according to what Archyde.com reported, that while Twitter shareholders have different opinions about the fair price of the deal, many of them contacted the company after Musk explained his plan to finance the acquisition last Thursday, calling not to let the opportunity to reach an agreement with him slip through.
She also revealed that one of the options available to the platform’s board of directors is to try to persuade Musk to make a better offer, as perhaps asking for purchase offers from potential investors is another option.
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Twitter was expected to reject Musk’s takeover offer in the middle of this month, which did not explain how the deal would be financed.
The Blue Bird also moved, trying to prevent Musk from taking over through a scheme called “poison pills”, which aims to enable investors in it to realize the full value of their investment in the company by reducing the possibility that anyone can acquire it without paying a premium to shareholders or giving a board of directors. Management more time.
It is noteworthy that Musk had recently acquired a 9.2% share of Twitter’s capital, and offered to buy the entire company at $54.20 per share and exit from the Wall Street Stock Exchange.