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Twitter’s board of directors is edging closer to selling the social media company to Elon Musk for $43.4bn, a deal that would give the world’s richest man control of what he has called the world’s “de facto public town square”. Twitter’s board was meeting on Monday to finalise the terms of an agreement with Musk, said people briefed on the matter. It added that a deal — which would be one of the largest buyouts in history — could be reached as early as Monday evening or by Thursday, when Twitter reports quarterly earnings. The board said there was still a chance the deal could fall apart.

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