The valuation for Twitter seems to be basically fair, so it wouldn't be surprising to see this deal eventually close. I think it's fair to say most people's view was that the biggest barrier to closing the deal was Musk actually making an honest offer. Which now, with Morgan Stanley actually standing behind the offer, looks more or less certain. So really it's going to be down to details which are unlikely to be an issue unless Musk uses some pretense to blow up the deal (I don't think that's hugely likely, but I think it's very possible).

What I find really interesting personally is that Twitter is a unique entity. It has practically failed to adapt over a decade. That is both good and bad. It has given it a very specific character and a very specific user base. We have seen over the years that it's very easy for social media companies to die rather than adapt. This has been shown in slow trends like people moving on from Facebook or all at once like at Digg. It's very easy to alienate users without attracting new ones. So it'll be very interesting to see what happens there.