Twitter Inc is ready to accept billionaire Elon Musk’s “best and final” $ 43 billion takeover bid, people familiar with the matter told Reuters on Monday.
Read: Twitter, under shareholder pressure, begins negotiations with Musk – sources
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 company had adopted a “poison pill” on social media to protect itself against Musk’s offer of $ 54.20 per share. share, which followed days after he revealed a stake of over 9%.
The technology entrepreneur, whose net worth is nearly $ 300 billion, according to Forbes, has founded, co-founded or runs the following companies:
|Company name||Year founded||What does it do?|
|Neuralink||2016||Brain chip startup aims to connect people and computers.
Last July, it said it had raised over $ 200 million from investors, including Google Ventures.
|SpaceX||2002||The company designs and manufactures space technology and aims to land its rockets on Mars by 2030. It was valued at over $ 100 million, CNBC reported last year.|
|The boring company||2017||The underground tunnel business aims to build hyperloops, an ultra-high-speed ground transportation system for passengers and freight, to solve metropolitan traffic problems.|
|Tesla Inc.||2003||The electric car manufacturer, which was listed on the stock exchange in 2010, is valued at more than 1 trillion dollars, more than old car manufacturers Ford
|PayPal Holdings Inc||1998||The Fintech company was first listed in 2002 and was acquired by eBay Inc.
The engineering contractor’s investments in other smaller startups:
|Stripe Inc||2010||The digital payment company was valued at $ 95 billion in a fundraising round last year.
Reuters reported in July 2021 that Stripe hired a law firm in its first major move toward a stock market debut.
|Deputy||2010||The artificial intelligence and robotics company, which has received over $ 250 million in funding, also counts Jeff Bezos and Mark Zuckerberg as its investors, according to its website.|