Twitter may announce its acceptance of Elon Musk’s $43 billion acquisition offer as soon as later on Monday, according to a new report from Reuters. Musk submitted his “best and final” offer to acquire Twitter just under two weeks ago, a move which came just two weeks after the Tesla and SpaceX CEO bought a 10% stake in the company.
Musk’s roughly $43 billion offer, which he has apparently secured funding for, values Twitter at $54.20 per share. Early reports indicated that Twitter was not interested in accepting the offer, with the company even adopting a “poison pill” to avoid a hostile takeover.