Elon Musk’s efforts to buy 100-percent of Twitter has become one of the most debatable topics in tech. The proposal had many supporters and opponents from the beginning. Now, Twitter seeks to re-examine the Musk offer and maybe prepare itself for a new owner. Twitter’s board is reviewing Musk’s $43 billion offer after they tried to block it through a “shareholder rights plan.” After the board’s efforts to block the offer, Musk announced he “would need to reconsider [his] position as a shareholder.” Also, the $43 billion is the “best and final offer” for the buyout. A few days ago, Musk announced his strategy for funding the buyout. He said he could provide $25.5 billion through loans, and the rest will be provided from his personal wealth. As per the report, Twitter is willing to review the offer and discuss more details through negotiations with Musk or his representatives.
Twitter is “taking a fresh look” at Musk’s offer
The source claims that both sides will have a meeting on Sunday to discuss the details. Of course, negotiating over a $43 billion bid is not easy, and many factors must come into account. The process is expected to take time. Twitter refused to comment on the report, but we’ll hear more details about the negotiations in the coming weeks. When Musk proposed his buyout offer, Twitter first said it would review it carefully. Twitter might elaborate on the buyout details in its first-quarter earnings report on Thursday. After Musk rejected to join the Twitter board of directors and later saw the board’s efforts to block his takeover, he firmly insisted on the offer and even detailed how he wanted to fund it. Musk’s main incentive to offer a $43 Billion bid is still unknown. However, he previously said he wants to defend freedom of speech on Twitter. Moderating content policies will be another Musk’s plan if he succeeds in taking over the company.
