Entrepreneur and business magnate Elon Musk gestures during a visit to the Tesla Gigafactory under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany.
Patrick Pleul | AFP | beautiful pictures
Twitter could become more receptive with a takeover bid from Elon Musk after the billionaire revealed that he was secured $46.5 billion in finance, The Wall Street Journal reported on Sunday.
The social media company was supposed to decline the offer and has through a so-called poison to counter a potentially hostile takeover.
But operators are now double-checking bids and are more likely than before to try and negotiate, the paper said, citing people familiar with the matter. The situation is moving fast, but the two sides will meet on Sunday to discuss Musk’s issue Proposal 43 billion dollarsThe magazine reported.
A Twitter spokesperson declined to comment on the report.
The social media giant is said to be still working on its own valuation. Executives may also insist on guarantees, such as Musk including breakup protections if the deal fails, the paper said.
Twitter is set to report its latest financial results on Thursday and is expected to weigh in on bids then. Executives could also discuss the deal as early as the week, the sources said.
According to the report, Twitter may indicate that it is open to other bidders or negotiate with Musk on certain terms. Musk is said to have said he would not give up his original offer.
