Twitter

NEW YORK, April 25 (Reuters) – Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his “best and final” offer for the social media company, people familiar with the matter said.

Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.

Shark Tank investor Kevin O’Leary praised Tesla CEO Elon Musk’s bid for left-wing platform Twitter, ripping the company for censoring views and board members for being ineffective and in need of firing.

O’Leary told Andrew Sorkin, co-anchor CNBC’s Squawk Box, that Twitter “is the most miserable investment you could have put your dollars into in social media. It has totally lagged all its other competitors.”

Maybe we’re better off if Elon Musk’s attempt to take over Twitter fails. No, wait, hear me out.

I’ve been rooting for the Tesla CEO in his battle with Twitter’s sad board of directors, whose members seem eager to protect their power and position. And it’s been fun to watch all the establishment pundits, academics and regulators circle the wagons against a man whose unpardonable sin is a desire to let people speak freely. He might even stop them from abusing their power to affect elections (always on behalf of Democrats, of course), which is intolerable.

Elon Musk has unveiled his $46billion financing package to fund his takeover of Twitter – using Tesla as collateral.

The world’s richest man filed new documents with the Securities and Exchange Commission today outlining how he would seize the social media giant.

He has secured $21billion from equity financing, $13billion from Morgan Stanley in debt facilities and another $12.5billion from the bank in margin loans.

Tesla CEO Elon Musk is willing to invest up to $15 billion of his own cash to take Twitter private and will make a bid within 10 days, according to Tuesday reports.

Elon Musk is the richest person in the world, but he’s scrambling to assemble a buyout bid for Twitter using other people’s cash.

The Tesla tycoon — who is worth $270 billion, according to Forbes — is angling to finance his $43 billion bid to acquire Twitter in a complex deal that raises debt against both the company and possibly his own stock, as well as a giant cash equity infusion from co-investors, The Post has learned.

The Tesla CEO’s bid to buy Twitter has prompted many prominent figures to admit bluntly that they oppose free speech.

Though he has just offered to buy Twitter for around $40 billion, it’s far from clear that Elon Musk knows how to run a social media platform. Speaking about his bid at an event last week, Musk mused that people should be “able to speak freely within the bounds of the law.” But a social media product that came to be dominated by anti-Semitism, porn, coordinated abuse, virulent racial animus, and bot-generated foreign propaganda—all forms of speech “within the bounds of the law”—would soon have little value. During the same interview, Musk announced that his “top priority” is to eliminate spam—perfectly lawful communication. Musk does not seem to have thought this through yet.