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.
Portable, has expressed his frustration towards his former partner and babymama, Ashabi, and also warned actress Laide Bakare for...
Singer 9ice has said Burna Boy winning the Grammy is fulfillment of his prophecy in his song Street Credibility which featured 2Face Idibia He said though...
Media personality, Emma Ugolee has narrated how an Indian hospital swapped the kidney his sister donated to him with...