Home Industry Technology Twitter eyes deal with Musk as soon as Monday Elon Musk is lining up partners for the acquisition and continues to speak to potential co-investors by Bloomberg April 25, 2022 Twitter is in the final stretch of negotiations about a $43bn sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said. 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 people, who asked not to be identified because the information is private. Musk is lining up partners for the acquisition and continues to speak to potential co-investors, one of the people said. Discussions between the billionaire Tesla founder and Twitter’s board about a takeover at $54.20 per share continued overnight into the early hours of Monday, the people said. Shares of Twitter jumped as much as 6.2 per cent in pre-market US trading Monday, hitting as high as $51.98. Twitter started warming up to a potential deal after the billionaire Tesla founder revealed a financing plan for the unsolicited bid that included backing from Morgan Stanley and other institutions. The situation is fluid, and talks could drag on longer or fall apart, the people said. Representatives for Twitter and Musk didn’t immediately respond to requests for comment. The Wall Street Journal reported earlier that the parties could reach an agreement as soon as this week, citing unidentified people. Tags Board Discussions Elon Musk Tesla Twitter 0 Comments Share Tweet Share Share You might also like Saudi Arabia buys $1.5bn stake in Prince Alwaleed’s firm Elon Musk says Twitter must prove bot claims for $44bn deal to proceed UAE leaders mourn passing of President Sheikh Khalifa The big EV charging mystery: How long does it take?