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Twitter is closing in on a deal to sell itself to billionaire Elon Musk that could be announced as soon as Monday, Reuters and Bloomberg reported, citing people familiar with the situation.

Twitter is considering accepting Musk’s original offer to pay $54.20 per share in cash, according to Reuters, valuing the social media company at about $43 billion.

Musk is the wealthiest man in the world, according to Forbes’ real-time calculations, with an estimated net worth of $269.7 billion.

This is a developing story.

Source: Forbes

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