Social media giant Twitter Inc (NYSE:TWTR) is set purportedly set to accept the $43 billion acquisition offer from the world's richest man, Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk. This event apparently resulted in both Dogecoin (CRYPTO: DOGE) and an obscure memecoin rallying.
What Happened: Twitter will accept what Musk described as his "best and final" offer to acquire the company according to people familiar with the matter, Reuters reported on Monday. Per the report, Twitter may announce a $54.20-per-share deal later on the same day after the board meeting to recommend the transaction to shareholders, but the deal could also collapse at the last minute.
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