Elon Musk's $43B cash offer for Twitter a "risky bet": expert

Twitter is poised to agree on a sale to Elon Musk for around US$43 billion in cash, the price the chief executive of Tesla has called his "best and final" offer for the social media company, sources said, but it's always possible that the deal collapses.

Managing Director Daniel Ives discusses Twitter's board considering the lucrative bid and Musk's risk of trading in 20 per cent of his net worth for a social media platform.

"This is one it's definitely a risky bet for him. And I think it's... it's a head-scratcher to many on the street that he's ultimately going after Twitter at a time when social media is really on the other side of this growth curve," he said.

Musk has said Twitter needs to be taken private to grow and become a genuine platform for free speech. The deal would come just four days after Musk unveiled a financing package to back the acquisition.

For more info, please go to https://globalnews.ca
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews