Breaking: Twitter Taking Another Look At Elon Musk’s Buyout Bid

Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. - Patrick Pleul | AFP | Getty Images


Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday.

The social media company had been expected to shoot down the offer and had adopted a so-called poison pill to fend off a potential hostile takeover.

But executives are now re-examining the bid and are more likely than before to try and negotiate, the paper said, citing people familiar with the matter. The situation is fast-moving, but the two sides are meeting on Sunday to discuss Musk’s $43 billion proposal, the Journal reported.

A Twitter spokesperson declined to comment on the report.

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