Twitter Will Reevaluate Elon Musk’s Takeover Bid — Meeting Will Take Place on Sunday
According to the Wall Street Journal Twitter and Elon Musk’s team are meeting on Sunday to discuss a takeover bid.
Twitter is expected to weigh in on the bid when its first-quarter earnings are released on Thursday.
Via WSJ:
Twitter is re-examining Elon Musk’s $43 billion takeover supply after the billionaire lined up financing for the bid, in an indication the social-media firm could possibly be extra receptive to a deal.
Twitter had been anticipated to rebuff the supply, which Mr. Musk made earlier this month with out saying how he would pay for it. However after he disclosed final week that he now has $46.5 billion in financing, Twitter is taking a contemporary have a look at the supply and is extra seemingly than earlier than to hunt to barter, individuals aware of the matter stated. The state of affairs is fast-moving and it’s nonetheless removed from assured Twitter will accomplish that.
Twitter continues to be engaged on an all-important estimate of its personal worth, which would wish to return in near Mr. Musk’s supply, and it may additionally insist on sweeteners comparable to Mr. Musk agreeing to cowl breakup protections ought to the deal disintegrate, among the individuals stated.
The 2 sides are assembly Sunday to debate Mr. Musk’s proposal, the individuals stated.
Twitter is predicted to weigh in on the bid when it reviews first-quarter earnings Thursday, if not sooner
