Twitter to consider Elon Musk’s $43 billion takeover bid

Twitter seems to be more interested in Elon Musk’s takeover bid, negotiations have even begun.

Elon Musk and Twitter is something like an “I love you, not me” story. The multi-billionaire has no shortage of ideas for the development of the microblogging platform, and has not hesitated to publicize it for a long time. But in recent days, he has shown himself to be much more… enterprising, if I may say so. It comes to the fact that it becomes the majority shareholder. And even make an offer to buy! And today, it seems that the company’s board decided to take a closer look at this proposal.

Twitter appears to be more interested in Elon Musk’s takeover bid

Twitter may finally get used to the idea of ​​selling itself to Elon Musk. According to The Wall Street Journal, the company decided to renegotiate the takeover bid after the multi-billionaire announced that it had the necessary funds to implement the initiative. When Tesla’s CEO first said he was willing to pay $43 billion to buy the giant, he clarified that this was his “best and last offer.”Then Twitter, according to experts, rejected this proposal. The company even went so far as to adopt a poison pill strategy to protect itself from a possible hostile takeover.

Negotiations would even begin

But today, Twitter will “take a fresh look”at Elon Musk’s proposal and will even be ready to enter into negotiations, according to The Wall Street Journal. The parties even met to discuss this operation, but a number of barriers could complicate the negotiations. For example, executives may insist on monetary protection in case the deal does not expire.

Twitter has not commented on this information. When Elon Musk made his first offer, the company said it intended to “thoroughly, completely and very thoughtfully analyze it.”No doubt we will learn about the company’s intentions in the coming days. The Wall Street Journal also reports that Twitter will discuss the situation during the presentation of its quarterly financial results on Thursday, “if not earlier.”