Twitter Inc is poised to accept billionaire Elon Musk’s “best and final” $43 billion takeover offer, people familiar with the matter told Reuters on Monday.
This comes on the heels of Musk announcing that he had secured $46.5 billion in debt and equity financing for the deal.
Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days after he had disclosed an over 9% stake.
The tech entrepreneur, whose net worth is nearly $300 billion according to Forbes, has founded, co-founded or is leading the following companies:
|Company name||Year founded||What does it do?|
|Neuralink||2016||The brain chip startup aims to connect humans and computers.
In July last year, it said it had raised over $200 million from investors including Google Ventures.
|SpaceX||2002||The company designs and manufactures aerospace technology, and aims to land its rockets on Mars before 2030. It was valued at over $100 million, CNBC reported last year.|
|The Boring Company||2017||The underground tunneling company aims to build hyperloops, an ultra-high-speed ground transportation system for passenger and cargo, to solve big city traffic problems.|
|Tesla Inc||2003||The electric-car maker, which went public in 2010, is valued at more than $1 trillion, more than legacy automakers Ford <F.N> and General Motors <GM.N> combined. Last year, Musk said the company will probably launch a “Tesla Bot” humanoid robot prototype in 2022, designed for dangerous, repetitive, or boring work that people don’t like to do.|
|PayPal Holdings Inc||1998||The fintech company went public first in 2002, and was bought by eBay Inc <EBAY.O> for $1.5 billion soon after. It then went public again in 2015.|
The tech entrepreneur’s investments in other smaller startups:
|Stripe Inc||2010||The digital payments company was valued at $95 billion in a fundraising round last year.
Reuters reported in July 2021 that Stripe hired a law firm in its first major step towards a stock market debut.
|Vicarious||2010||The artificial intelligence and robotics company, which has received over $250 million in funding, also counts Jeff Bezos and Mark Zuckerberg as its investors, according to its website.|