Twitter poised to agree $46.5bn takeover with Elon Musk, reports say

Twitter is poised to agree a sale to Elon Musk after he put together a $46.5bn (£36.4bn) funding package to acquire the social media platform, according to reports.

Competition experts have said that US antitrust law is unlikely to represent a problem for Musk, who is also chief executive of the rocket company SpaceX and owns the tunnelling firm the Boring Company but whose business interests do not compete with Twitter in any markets. Nonetheless, Reuters reported that Twitter wants to know more about any active investigations by regulators into Musk, including by the US Securities and Exchange Commission, that might pose a risk to the deal.

Representatives for Twitter and Musk did not immediately respond to requests for comment.