Twitter is taking any other take a look at Musk takeover bid, supply says


Entrepreneur and industry wealthy person Elon Musk gestures all over a discuss with on the Tesla Gigafactory plant beneath development, on August 13, 2021 in Gruenheide close to Berlin, jap Germany.

Patrick Pleul | AFP | Getty Photographs

Twitter may well be turning into extra receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.five billion in financing.

The social media corporate have been anticipated to shoot down the be offering and had followed a so-called poison tablet to fend off a possible adversarial takeover.

Twitter’s board met Sunday to speak about Musk’s financing plan for his proposed bid, a supply just about the placement instructed CNBC. The individual mentioned the board is on the lookout for different provides and the corporate may provide an replace by the point it stories its newest monetary effects Thursday, if now not sooner than.

Previous, The Wall Boulevard Magazine reported Twitter executives are re-examining the bid and are much more likely than sooner than to take a look at and negotiate. The placement is fast-moving, however the two facets are assembly on Sunday to speak about Musk’s $43 billion proposal, the Magazine reported.

A Twitter spokesperson declined to remark at the document.

The newspaper reported the social media large remains to be running on estimating its personal worth. Executives may additionally insist on promises, reminiscent of Musk overlaying breakup protections if the deal fell thru, the Magazine mentioned.

Musk has reportedly mentioned he’ll now not sway from his preliminary be offering.

— CNBC’s Julia Boorstin contributed to this document.

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