Twitter board 'is accepting' the $43 billion deal from Elon Musk

Twitter Inc (TWTR.N) is ready to agree to sell to Elon Musk for about $ 43 billion in cash. This is the price that Tesla's CEO mentioned as his "best and final" offer to social media companies. The problem said. 

Twitter may announce a $ 54.20 per share deal later on Monday after the board meets to encourage Twitter shareholders to trade, sources said. According to Forbes, the world's wealthiest person, Mask, has personally negotiated a Twitter purchase, and Tesla (TSLA.O) is not involved in the transaction.

Until now, Twitter has been unable to secure a "goshop" clause as part of its agreement with Musk. This will allow them to seek other offers once the contract is signed. Still, Twitter is likely to accept offers from other parties by paying a split fee to Mask, sources added. 

The issue is sensitive, so the source requested anonymity. Twitter and Musk did not immediately respond to the request for comment.  Twitter shares rose 4.5% to $ 51.15 in pre-market trading in New York. A large number of Twitter users, Musk, say it needs to be kept private in order to grow and become a true free speech platform.

A 50-year-old entrepreneur, who is also the CEO of rocket developer SpaceX,  said he wanted to fight trolls on Twitter and suggested changing to  Twitter Blue, a premium subscription service, including price cuts and ad bans. Billionaire, a frank advocate of cryptocurrencies, has also proposed adding Dogecoin as a payment option on Twitter. 

He said Twitter's current leadership team couldn't bring the company's stock to the asking price on its own, but didn't say it needed to be exchanged. 

 "The company will not prosper or serve this social demand in its current form," Musk said in an offer letter last week.

By the time Musk announced its investment in Twitter in April, the company's stake had fallen by about 10% since Parag Agrawal took over as CEO from founder Jack Dorsey in late November. If the 

 the acquisition is successful, the transaction will be completed only four days after Musk announces a funding package to support the acquisition.