Twitter shares approach Musk’s offer price as the deal deadline approaches.
- On Wednesday, Twitter Inc.’s shares moved closer to Elon Musk’s $54.20 per share buyout offer, indicating that investors now expect the deal to go through before a court deadline at the end of the week.
- The social network company’s shares were last up 0.3% at $52.94, near a seven-month high.
- Musk’s $44 billion bid and call for an end to the social media company’s litigation sent Twitter shares 24% higher earlier this month.
- Tesla CEO Elon Musk informed co-investors that he aims to finalise his $44 billion Twitter acquisition by Friday.