Elon Musk, the world's richest man, may become the owner of the microblogging network Twitter.
According to sources, Twitter Inc. is extremely close to agreeing to accept
Elon Musk's proposed $54.20 per share in cash.
Elon Musk, according to sources, has offered to acquire all of Twitter for $43 billion.
In premarket trade, Twitter's stock has also risen.
As trading opened in New York, Twitter shares surged 3.9 percent to $50.84.
He stated that Twitter should be transformed into a private firm, and he wishes to do it.