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.
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.
Beauty and sexy artiste Tiwa Savage knows how to keep things interesting as she steps out in a beautiful...
Davido went all out for his wife, Chioma Adekele to make her birthday a special one. The famous Chef...
Arsenal midfielder Willian is set for a return to Brazil with Corinthians. The two clubs are in talks over a deal for the former Chelsea star,...