Twitter management has changed its stance against Elon Musk’s offer to buy the social network. This is reported by The Wall Street Journal, The New York Times, and CNBC, citing sources.

According to the channel, Twitter management can make a final decision by Thursday – on this day the company will publish financial results for the first quarter.

Newspapers report that the parties met on April 24. The reason for the review of the position was allegedly documents. SEC about the withdrawal of 46.5 billion dollars financing by the billionaire.

Media claims that on April 25, the company’s board of directors discussed “additional details, including the closing schedule” with Musk. [сделки]”. According to journalists, the decision is not final, and the entrepreneur’s proposal may not be accepted. In this regard, it was alleged that the parties raised the issue of compensation for costs – if the parties do not agree, the head of Tesla will pay.

Musk had previously become Twitter’s largest shareholder, buying a 9.2% stake for $2.89 billion. He launched an initiative to reduce the cost of his Twitter Blue subscription and add payments in Dogecoin.

On April 14, Musk offered to buy the social network for more than $43 billion, explaining this not out of a desire to monetize but to create an “inclusive arena for free speech.”

Twitter management did not like the entrepreneur’s proposal and approved the takeover protection plan. It allows shareholders to purchase additional shares at a discount if any institution or person acquires at least 15% of company securities without the approval of the board of directors.

Musk’s “favorite cryptocurrency,” Dogecoin, has reacted positively to rumors that consensus has been reached in talks to buy Twitter. It has gained 7.5% in the last hour, according to CoinGecko.

Twitter rose more than 5% in pre-market trading.

Recall that Ethereum co-founder Vitalik Buterin supported the takeover of Twitter by Musk, but was skeptical of the overall positive impact of the transition of media platforms to billionaire ownership.

FTX CEO Sam Bankman-Fried announced that he is ready to discuss the possibility of interaction between the social network and bitcoin exchange with the Tesla president.