Musk closer to getting Twitter deal

 The NY Post reports:

Twitter is reportedly on the verge of accepting Elon Musk’s $43 billion bid to take the social network private, according to a report.

Twitter may announce it has accepted Musk’s offer later on Monday once its board has met to recommend the transaction to Twitter shareholders, sources told Reuters. The talks are fluid and the deal could still fall apart, the sources added.

The Monday report by Reuters sent shares of Twitter soaring by more than 5% in premarket trading on Monday.

Twitter was unable to secure a so-called “go-shop” provision from Musk which would have allowed it to solicit other bids from potential buyers after the deal was signed, according to the report.

Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.

…

If Musk cam close this deal it would be good news for the return of free speech to American and social media.  Twitter’s censorship was a mistake of honorific proportions leading to the election of Biden who has been a rolling disaster.  I hope the deal gets finalized quickly.

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