Billionaire Tesla C-E-O Elon Musk has reached a deal to acquire Twitter for approximately 44-billion dollars.

Musk said last week he had lined up 46.5-billion in financing to buy the social media giant, putting pressure on the company’s board to negotiate a deal.

Twitter had initially enacted an anti-takeover measure known as a poison pill defence, making a takeover attempt prohibitively expensive.

But the board decided to negotiate after Musk updated his proposal last week to show he had secured financing

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