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frankmorano

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The Other Side of Midnight with Frank Morano
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Elon Musk’s $44 Billion Twitter Deal Gets Board Endorsement

(AP)— Twitter’s board is recommending that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signaling considerable doubt that it will happen. Shares are up about 3% before the opening bell Tuesday, far short of the $54.20 per-share that Musk has offered for each share.

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