Source: Teresa – NwoReport
The billionaire could take over the company as soon as this morning as the board reportedly looked set to accept his offer of $54.20 per share.
The tycoon’s representatives were said to be hammering out terms including a timeline and fees if an agreement was signed and then fell apart.
The two sides were reportedly working into the early morning to finalize the fluid and fast-moving negotiations.
It comes a fortnight after Musk first sought to woo shareholders with his $54.20-per-share bid.
Representatives for Musk and Twitter met to discuss the prospective $43 billion sale Sunday, with the Wall Street Journal reporting that progress had been made.
It is unclear whether Musk himself attended those talks.
They come two days after he met privately with actively-managed funds which hold shares in Twitter, in a bid to convince them to take-up his offer.
The paper said there were still issues to hash out after Sunday’s meeting, and that there was no guarantee a final deal would be reached.
Those issues are said to include what penalty Musk will pay should the deal fall apart before it is completed.