Twitter Inc (NYSE:TWTR) shares are trading higher Monday following several reports indicating the company is getting closer to making a deal with Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.
Earlier this month, Musk offered to buy Twitter for $54.20 per share. Twitter initially put measures in place to fight back against a potential hostile takeover, but the social media company has reportedly become more receptive to an offer after Musk revealed that he secured financing for the bid. Some reports suggest the deal could close as soon as Monday.
