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.
Southampton were relegated from the Premier League in record-setting time after a 3-1 defeat at Tottenham on Sunday ended their...
The street pop star Zlatan Ibile has revealed that his life wasn’t all that rosy before fame and things have...
Sophia Momodu, the first baby mama of Nigerian singer, Davido has cleared any lingering doubts that may exist as...