Update (0725ET): As journalists race to out-scoop each other on the news of an imminent deal between Elon Musk and his backers (including Morgan Stanley) and the Twitter Board, the latest update via Bloomberg and CNBC claims talks are now in the “final stretch” and a deal could be sealed as early as today – assuming negotiations continue to go “smoothly”.
- TWITTER SAID ON TRACK TO REACH DEAL WITH MUSK AS SOON AS MONDAY
Amid the headlong rush to report a final deal, it’s worth noting that Twitter shares have bucked the recent market selloff (largely thanks to rumors of Musk’s interest), the timing of the board’s apparent engagement with Elon is certainly interesting, considering the seemingly quickening pace of the recent broader market selloff.
On that note, Twitter shares have surged more than 6% during the premarket session on the news…
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