Explainer: What’s next now that Twitter agreed to Musk bid?

The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the US and in countries where Twitter does business, before the deal is completed. — AFP

Twitter’s acceptance of Elon Musk’s roughly US$44bil (RM191.29bil) takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform.

The deal is expected to close sometime this year. But before that, shareholders still have to weigh in, as well as regulators in the US and in countries where Twitter does business, before the deal is completed.