twitters acceptance of elon musks roughly usd44 billion 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 completedthe process is off to a good start for musk given that twitters board has unanimously approved his offer and is recommending shareholders do the sameupon announcing the deal monday twitter noted that the bid which represents a 38 per cent premium to the companys closing stock price on april 1 is a substantial cash premium and would be the best path forward for twitters stockholderswhen twitters board adopted an antitakeover provision known as a poison pill just 10 days ago the move was widely seen as a telltale sign that the directors were gearing up to rebuff musks opening offer or perhaps seek another suitor willing to pay morebut the battleground shifted dramatically late last week when musk disclosed he had lined up usd465 billion including usd21 billion of his personal fortune to pay for the purchase musk said other investors could contribute to the financingthe lockedin financing not only underscored the seriousness of musks pursuit but also appeared to open the door to other large twitter shareholders interested in hearing more about his plans for the san francisco companythe details of those conversations arent known but musk could point to a more than 20year history building and running several businesses most notably as the longtime ceo of tesla the electric car maker is currently valued at usd1 trillion roughly 25 times more than twitteri think there is nothing better for twitter than elon musk buying it and ideally replacing the board and also doubling down on investments into products and new revenuegenerating sources said john meyer a technology entrepreneur and investor musk has the track record that he can do the impossibleit would be easy to see why other twitter shareholders might welcome a shakeup as well as an opportunity to cash out of their investment before musk disclosed his 9 per cent stake in twitter earlier this month the shares were trading below usd40 not that much more it its usd26 price when twitter went public in november 2013 since then the techdriven nasdaq has more than tripled even after a recent downturntwitter has been a laggard because the company has struggled to consistently post profits while generating lackluster revenue growth compared to the two dominant forces in digital advertising google and facebookmeanwhile teslas stock is now worth nearly 300 times more than when it went public in 2010 and after struggling to make money for more than a decade the automaker is now extremely profitable with net income of usd33 billion during the first three months of this year aloneas is customary once a company agrees to be acquired the buyer