Twitter board is reportedly reconsidering Elon Musk’s .5B acquisition bid

Twitter board is reportedly reconsidering Elon Musk’s $46.5B acquisition bid

Twitter board is reportedly reconsidering Elon Musk’s .5B acquisition bid



What you need to know

  • Twitter’s board allegedly met on Sunday morning to discuss Elon Musk’s takeover bid.
  • The board is said to be reconsidering Musk’s proposal several days after adopting a defensive measure to prevent him from acquiring more of Twitter’s stock.
  • Musk recently disclosed that he had secured $46.5 billion in financing for his bid.

Twitter’s board is reportedly reconsidering Elon Musk’s proposal to buy the social media company, more than a week after adopting a “poison pill” measure to block his takeover bid.

According to The New York Times, the board of directors met on Sunday morning to discuss Musk’s offer to buy Twitter. The renewed interest comes several days after Musk announced that he had secured $46.5 billion in financing for his bid.



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