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Jack Dorsey set to pocket $978M if Elon Musk’s Twitter acquisition closes

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Twitter said to be close to a deal with Elon Musk

As unlikely as it may have once seemed, reports indicate Elon Musk may actually end up the owner of a newly private Twitter after all. Both The Washington Post and The New York Times are reporting that Twitter’s board is seriously considering Musk’s offer to buy the company, with the corporate governing body’s attitude toward the offer changing following Musk’s outlining of his plan to source the funds to make real his $46.5 billion offer to buy the company. Twitter’s board met on Sunday to discuss Musk’s offer, and the NYT reports that they then entered into negotiations with Musk early on Monday morning to hammer out additional details, including the timeline for close and what, if any, financial protections Twitter would enjoy were any potential deal to go south post-announcement.

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