Mr Musk said last week that he had lined up $US46.5 billion ($64.7 billion) in financing.
With initial concerns of its own about the deal, Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive.īut the board decided to negotiate after Musk updated his proposal last week to show he had secured financing, according to The Wall Street Journal. The deal was cemented roughly two weeks after the billionaire first revealed a 9 per cent stake in the platform. Mr Musk is a prolific tweeter with a following that rivals several pop stars in the ranks of the most popular accounts.
