Home Foreign News Twitter Kicks Off Deal Negotiations With Elon Musk

Twitter Kicks Off Deal Negotiations With Elon Musk

3

Twitter Kicks Off Deal Negotiations With Elon Musk

 

Twitter Inc has kicked off deal negotiations with Elon Musk after he wooed many of the social media company’s shareholders with financing details on his $43bn acquisition offer, Reuters has reported, citing people familiar with the matter.

The company’s decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said.

READ ALSO:   Russian ambassador says Moscow doesn’t ‘give a s–t’ about sanction threats by US and allies

It signifies, however, that Twitter is now exploring whether a sale of the company to Musk is possible on attractive terms, the sources added.

Musk, chief executive of electric car giant Tesla Inc, has been meeting with Twitter shareholders in the last few days, seeking support for his bid.

He has said Twitter needs to be taken private to grow and become a genuine platform for free speech.

READ ALSO:   Elon Musk Says He Might Not Go Ahead With Twitter Purchase Again If Spam Issue Isn't Solved

Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates

3 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here