Dogecoin Fan Elon Musk May Buy Twitter This Week: Report
Centibillionaire Elon Musk may be on track to link a deal with social media giant Twitter as early as this week, as stated by the Wall Street Journal to a Monday report.
As reported by U.Today, Musk stirred controversy earlier this month after announcing his bid to take Twitter private for $43 billion. Before that, he bought more than a 9% stake in the influential social media platform.
Read Also: Cardano Plunge into “Historical Buying” Zone as ADA Price Sloughs 7% in a Week: Details
Previous media reports stated that Twitter’s board of directors had passed on the offer. The firm also takes the so-called “poison pill” by diluting the value of the stock to prevent the takeover.
Notwithstanding, the company has reportedly decided to give the deal another go due to shareholder pressure.
Twitter is expected to confirm its stance before announcing its first-quarter earnings on Thursday. Some of the company’s shareholders rallied behind Musk after meeting with the centibillionaire on Friday.
Read Also: 86.6 Billion SHIB Bought by Whale, Who Grabbed Almost 2 Trillion SHIB in April
The huge deal could still fall through. As stated by the report, some differences have to be settled before the acquisition is finalized.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
