Elon Musk could take over Twitter as early as today; Details

Sahana Kiran
Elon Musk
Source – Getty Images

Who would have thought that a mere shareholder would change the dynamics of an entire company? Elon Musk, the CEO of Telsa proved that anything was possible with his latest interest in Twitter. Once Musk announced that he didn’t want to be a part of the Twitter board, the community speculated that his involvement wouldn’t be very significant in the vital decision-making process. However, Musk flipped the narrative by offering a prominent deal for the overall acquisition of Twitter. Now, multiple speculations later, sources suggest that this deal would likely come through as early as today.

A $43 million bid seems to have lured in the shareholders. Earlier today, it was revealed that the shareholders of the social media giant were urging the board to take up Musk on the offer. The latest reports suggest that the board failed to attain a second bidder. As a result, Elon Musk could likely succeed in acquiring Twitter in the coming 24-hours.

A source reportedly told Bloomberg that the social media giant, Twitter was in the ‘final stretch of negotiations regarding the sale. The news portal added,

”The social media company is working to hammer out terms of a transaction and could reach an agreement as soon as Monday if negotiations go smoothly.”

Dogecoin reroutes amidst Elon Musk’s Twitter acquisition news

Elon Musk’s favorite cryptocurrency Dogecoin [DOGE] was having a pretty rough time earlier today. However, following this news changed sides and let bulls into the market. The altcoin, at press time, was trading for $0.1392 with a nearly 5 percent surge over the last couple of hours.

In addition to this, the altcoin climbed the crypto ladder and landed a spot as the 11th largest cryptocurrency. It was previously in the 14th position. While the altcoin is being influenced by speculations of Musk acquiring Twitter, it could certainly shoot up following the affirmation of this news.