(Reuters) -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 https://www.reuters.com/technology/elon-musks-neuralink-raises-over-200-mln-google-ventures-others-2021-07-30
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 https://www.cnbc.com/2021/10/08/elon-musks-spacex-valuation-100-billion.html
last year.
The Boring 2017 The underground tunneling
Company 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 and
General Motors 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 1998 The fintech company went public
Holdings Inc first in 2002, and was bought
by eBay Inc for $1.5 billion
soon after. It then went public
again in 2015.
The tech entrepreneur’s investments in other smaller startups:
COMPANY NAME YEAR FOUNDED NOTES
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 https://www.vicarious.com/company.
(Compiled by Sonia Cheema, Chavi Mehta and Amy Caren Daniel; Edited by Shounak Dasgupta)
