If the deal with Musk does not go through for any reason, the company is ready to pay a commission to the billionaire.
Twitter is closing in on a deal to sell the company to Elon Musk for $54.20 a share in cash. About this writes Reuters, citing its sources.
According to the publication, Twitter may announce the $43 billion deal on Monday, April 25, after the board of directors meets to recommend the deal to Twitter shareholders.
In this case, there is a possibility that the deal will fail at the last minute.
However, Twitter would be allowed to accept the offer from the other side, paying Musk a fee for the failed deal.
