Apr 25, 2022
Twitter shares rise as reports say Elon Musk deal close
Twitter's shares rose by more than 5% in pre-market trade on speculation the firm could agree a takeover deal with Elon Musk as early as Monday. The board of the social media giant is reported to have met with Mr Musk over the weekend to discuss his $43bn offer. Twitter had initially rebuffed Mr Musk's approach. According to reports, Twitter is now in the final stages of negotiations with Mr Musk to buy the business. Share trading in Twitter's stock, before the US stock market opened, sent the price up 5.1% to $51.57.
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