Twitter’s board was in talks with billionaire Tesla CEO Elon Musk on Sunday night about his unsolicited offer to buy the firm for $54.20 per share. Musk is reportedly setting up acquisition partners and contacting potential co-investors. Musk, who has 83 million Twitter followers, started buying stock in January and revealed a 9% stake this month. Twitter Inc. is negotiating a $43 billion sale to Elon Musk, which may be the most leveraged acquisition of a publicly listed company ever. His previous claim that he had secured financing to take Tesla private provoked a complaint from the US Securities and Exchange Commissions
Effect On Dogecoin
Elon Musk Acquisition of Twitter is Huge for Dogecoin for the whole crypto Industry. as the Twitter – Elon deal is almost finalized according to Sources. While this could mean that dogecoin Payments and Tips will be integrated With Twitter Very soon. Dogecoin is up 13% in last several hours as the Twitter – Elon Deal Was Confirmed.
Effect on Whole Crypto Market
Indeed, Twitter have more than 1 Billion Visitors every month on their Platform with direct exposure to dogecoin and bitcoin and other cryptocurrencies as well. This will Boost the adoption of cryptocurrencies in the world.
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