Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.
Twitter Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc has called his "best and final" offer for the social media company, people familiar with the matter said.
Twitter Inc. is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world's richest person has called his $43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday.
On Monday, Elon Musk became the third person ever to amass a fortune worth $200 billion, according to Forbes, surpassing Amazon founder and rival space billionaire Jeff Bezos in the process. Reached for comment by Forbes, Musk took a celebratory crack at Bezos.