TWITTER Inc is “on track” to reach a takeover deal with Elon Musk as early as Monday.
“Twitter is in the final stretch of negotiations about a sale to Elon Musk, a person with knowledge of the matter,” told Bloomberg News.
“The social media company is working to hammer out terms of a transaction and could reach an agreement as soon as Monday if negotiations go smoothly, according to the person.”
Twitter’s re-assessment of Musk’s offer to buy the microblogging website came after the billionaire said he had secured the necessary $43 billion (around £33bn) in funding to take over the site.
Sources told The Wall Street Journal that Twitter Inc was re-evaluating the offer made by Musk, who owns Tesla and SpaceX – after he bought 9% of the company – becoming its largest shareholder.
