Moneycontrol PRO
Upcoming Event:Attend Algo Convention Live, 2 Days & 12+ Speakers at best offer Rs.999/-, exclusive for Moneycontrol Pro subscribers. Register now!
you are here: HomeNewsTrends

'If Elon Musk buys Twitter, I'll...': Social media users react to ongoing deal

Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, sources said. It is always possible that the deal with Elon Musk collapses at the last minute, they added.

April 25, 2022 / 07:57 PM IST
Elon Musk

Elon Musk


As negotiations between Twitter Inc and Elon Musk stretches for hours, here's how Twitter was reacting to the suspense as the world's richest person tries to take the micro-blogging site private.




Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.

Read more: Twitter's possible sale to Elon Musk: Here's what we know so far

The social media site has not been able to secure so far a 'go-shop' provision under its agreement with Musk that would allow it to solicit other bids from potential acquirers once the deal is signed, the sources said. Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.

Twitter and Elon Musk did not immediately respond to requests for comment.

(With inputs from agencies)



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Moneycontrol News
first published: Apr 25, 2022 05:43 pm
Sections
ISO 27001 - BSI Assurance Mark