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Twitter Shares Rally as Reports Say Elon Musk’s Takeover Deal Close

Twitter Shares Rally as Reports Say Elon Musk’s Takeover Deal Close
Tesla CEO Elon Musk speaks in Los Angeles, Calif., on June 13, 2019. Mike Blake/Reuters
Emel Akan
Emel Akan
Reporter
&
Andrew Moran
|Updated:

Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday.

Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash.
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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