Social media giant Twitter is expected to reach an agreement with Elon Musk Monday and sell the company for $43 billion to the international businessman.

Twitter’s leadership initially rejected the offer.

From Fox News:

Still, any final deal is far from conclusive. Both sides were expected to meet Sunday to discuss the situation in more detail. 

Musk announced an offer last week to buy the social media platform for $54.20 per share, but did not say how he would finance the acquisition.

Musk said Thursday in documents filed with U.S. securities regulators that the money would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric carmaker.

Twitter has enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive.

The company said in a statement Thursday that it received Musk’s updated proposal and “new information on potential financing” and said its board is “committed to conducting a careful, comprehensive and deliberate review.”

This is a developing story…