Twitter (TWTR.US) stock added 5% before the opening bell after Reuters reported that the social media giant could agree a takeover deal with Elon Musk for $54.20 per share in cash, the price the Tesla (TSLA.US) CEO called his 'best and final' offer. It comes a day after the company’s board reportedly met Sunday to discuss a takeover bid from Elon Musk, who has already secured $46.5 billion in financing. Twitter may announce the deal later on today once its board has met to recommend the transaction to Twitter shareholders, the Reuters said.
Twitter (TWTR.US) stock rose sharply in pre-market and is currently approaching 50% Fibonacci retracement of the last downward wave. Next target for buyers is located at $54.20 - Elon Musk offer.Source: xStation5
The Week Ahead
Netflix buys up Warner Bros - What does it mean for streaming and markets?
US Open: US indices gain after PCE data 🗽Semiconductor stocks surge
Netflix deal attracts investor scrutiny
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
