Twitter may be heating up with the idea of selling itself to . Based on The company is re-examining Musk’s takeover bid after the billionaire he has the financial backing to close the deal. When Musk first announced that he was ready to pay to buy the social media giant, noting at the time that as his “best and final offer,” Twitter was supposed to decline the offer. The company even went so far as to adopt the so-called ““Strategies to prevent hostile takeover plots.
But Twitter is currently “reviewing” Musk’s offer and is likely to enter the negotiations, according to the report. Journal. The agency said the two sides would meet on Sunday to discuss the proposal, but several hurdles could further complicate negotiations. For example, company executives might insist on asking Musk to agree to currency protections if the deal is successful.
Twitter declined to comment on the report. When Musk first announced his bid, the company said it was committed to a “careful, comprehensive, and thoughtful review” of the offer. Chances are we’ll find out how Twitter plans to proceed in the next few days. Journal reported that the company will weigh the situation when it reports its first-quarter earnings on Thursday, “if not sooner.”
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