NYT: Twitter Close To Reaching Buyout Deal With Musk

The New York Times reports:

Twitter is nearing a deal to sell itself to Elon Musk, two people with knowledge of the situation said, a move that would unite the world’s richest man with the influential social networking service.

Twitter’s board was negotiating with Mr. Musk into the early hours of Monday over his unsolicited bid to buy the company, after he began lining up $46.5 billion in financing for the offer last week, said the people.

Twitter’s stock rose 2 percent in premarket trading, to about $50 a share. An agreement is not yet final and may still apart, but what had initially seemed to be a highly improbable deal appeared to be nearing an endgame.

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The first tweet below is from Reuters.