Twitter Inc is poised to accept billionaire Elon Musk's "best and final" $43 billion takeover offer, people familiar with the matter told Reuters on Monday.
This comes on the heels of Musk announcing that he had secured $46.5 billion in debt and equity financing for the deal.
Earlier in April, the social media company had adopted a "poison pill" to protect itself from Musk's $54.20 per share offer, which followed days after he had disclosed an over 9% stake.
The tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies:
Neuralink: 2016
The brain chip startup aims to connect humans and computers. In July last year, it said it had raised over $200 million from investors including Google Ventures.
SpaceX: 2002
The company designs and manufactures aerospace technology, and aims to land its rockets on Mars before 2030. It was valued at over $100 million, CNBC reported last year.
The Boring: 2017
The underground tunneling Company company aims to build hyperloops, an ultra-high-speed ground transportation system for passenger and cargo, to solve big city traffic problems.
Tesla Inc: 2003
The electric-car maker, which went public in 2010, is valued at more than $1 trillion, more than legacy automakers Ford and General Motors combined. Last year, Musk said the company will probably launch a "Tesla Bot" humanoid robot prototype in 2022, designed for dangerous, repetitive, or boring work that people don't like to do.
PayPal: 1998
The fintech company went public Holdings Inc first in 2002, and was bought by eBay Inc for $1.5 billion soon after. It then went public again in 2015.
Stripe Inc: 2010
The digital payments company was valued at $95 billion in a
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