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. 

Elon Musk to receive $23 billion bonus.

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