Tesla Chief Executive Elon Musk is finally poised to takeover Twitter Inc (TWTR.N) for a whopping $43 billion in cash.
Although the deal is prone to collapse at any time, people privy to the news say the takeover is imminent as of now.
The $54.20-per-share deal is in the limelight for the last few weeks but reports of Twitter taking steps like invoking “poision pill” made the news more intriguing.
Poison pill is a type of defensive tactic used by a corporation’s board of directors to stop an imminent undesired takeover of a corporation.
Elon Musk who is also the CEO of Tesla and SpaceX, is currently the world’s richest man.