Twitter Inc is poised to just accept billionaire Elon Musk’s “greatest and remaining” $43 billion takeover provide, folks aware of the matter instructed Reuters on Monday.
Learn: Twitter, below shareholder stress, begins deal talks with Musk – sources
This comes on the heels of Musk saying that he had secured $46.5 billion in debt and fairness financing for the deal.
Earlier in April, the social media firm had adopted a “poison tablet” to guard itself from Musk’s $54.20 per share provide, which adopted days after he had disclosed an over 9% stake.
The tech entrepreneur, whose internet price is almost $300 billion in keeping with Forbes, has based, co-founded or is main the next firms:
|Firm identify||Yr based||What does it do?|
|Neuralink||2016||The mind chip startup goals to attach people and computer systems.
In July final yr, it stated it had raised over $200 million from buyers together with Google Ventures.
|SpaceX||2002||The corporate designs and manufactures aerospace know-how, and goals to land its rockets on Mars earlier than 2030. It was valued at over $100 million, CNBC reported final yr.|
|The Boring Firm||2017||The underground tunneling firm goals to construct hyperloops, an ultra-high-speed floor transportation system for passenger and cargo, to resolve massive metropolis site visitors issues.|
|Tesla Inc||2003||The electrical-car maker, which went public in 2010, is valued at greater than $1 trillion, greater than legacy automakers Ford <F.N> and Common Motors <GM.N> mixed. Final yr, Musk stated the corporate will in all probability launch a “Tesla Bot” humanoid robotic prototype in 2022, designed for harmful, repetitive, or boring work that folks don’t love to do.|
|PayPal Holdings Inc||1998||The fintech firm went public first in 2002, and was purchased by eBay Inc <EBAY.O> for $1.5 billion quickly after. It then went public once more in 2015.|
The tech entrepreneur’s investments in different smaller startups:
|Stripe Inc||2010||The digital funds firm was valued at $95 billion in a fundraising spherical final yr.
Reuters reported in July 2021 that Stripe employed a legislation agency in its first main step in the direction of a inventory market debut.
|Vicarious||2010||The substitute intelligence and robotics firm, which has obtained over $250 million in funding, additionally counts Jeff Bezos and Mark Zuckerberg as its buyers, in keeping with its web site.|