Twitter ‘set to ACCEPT’ Elon Musk’s ‘weed-themed’ $54.20 offer to buy the app

ELON Musk’s bid to buy Twitter is a handshake away from closing according to experts close to the matter.

The Tesla boss and 11-person Twitter board could finalize the acquisition as soon as today – but reports warn the deal could fall apart before the ink is dry.

Elon Musk and Twitter are getting closer to a deal to take the company privateGETTY

The acceptance of Musk’s bid would be a shocking reversal on a deal that looked to be dead in the water.

A Saudi Arabian prince with considerable stake in Twitter rejected Musk’s bid as too low before the board even convened.

The company attempted a to swallow a ‘poison pill‘ – a business strategy for preventing hostile takeovers by diluting the new party’s shares – to try stop Musk or make the buyout more expensive for him.

But, right now, it seems as though Musk’s “best and final offer” of $43billion stands and Twitter executives are seriously considering accepting.

Reports were weighing whether it were actually possible for Musk to move the funds across his portfolio to buy Twitter.

The richest man in the world rails against having physical possessions, does not own a house and a sizable chunk of his worth is derived from Tesla stock.

The New York Times reported that Musk reached an agreement with investment bankers at Morgan Stanley to loan Musk about $25billion to help finance the deal – the rest Musk would put up in cash.

Musk’s more laissez-faire approach to censorship will bring changes to Twitter in the event he does buy the platform and take the company private.