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.
Detty December has started and Lagosians are all here for it at the Pepsi Rhythm unplugged 2019 which is...
Five policemen attached to Nigerian singer, Damini Ogulu, aka Burna Boy have been detained by the Lagos police command...
“If You Ask Me” crooner, Omawumi has revealed who she would have voted for in the forthcoming presidential election....