Tesla chief executive Elon Musk could agree the acquisition of Twitter later today in the US, a Reuters report has revealed.

The deal could be worth around $43 billion, the amount Musk said was his “best and final” offer earlier this month, through an unsolicited approach.

The Twitter board is meeting today, and reports say they are expected to recommend the sale to the multi-billionaire, who is already now the biggest single shareholder in the company, after recently building a 9.2 per cent stake in the company.

That holding entitled him to a place on the board, which was offered to him, but he turned it down, before soon coming back with his full bid for the company. That didn’t seem to be taken too seriously by the Twitter board, until they realised that it was apparently fully-funded by Musk.

Musk wants to buy Twitter in a personal capacity, with Tesla not involved in the planned capture, according to the report.

Both Twitter and Musk have so far not publicly commented on any negotiations, but pre-market trading in New York predictably sent the share price up. It is currently around four per cent up.

Musk has previously claimed Twitter needs to be taken private to grow and become a “genuine platform for free speech”.

Current Twitter chief executive Parag Agrawal was only appointed to the position last November, and he was tasked with substantially increasing the company’s profitability by 2023.

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