Twitter is reconsidering the $43,000 million bid raised by Elon Musk to take over the company, as reported this Sunday. Wall Street Journal (WSJ) now finds it more appropriate for the two sides to negotiate an initially difficult agreement.
Citing unnamed sources familiar with the matter, the New York newspaper pointed out that the social network has reanalyzed Musk’s proposal after Tesla’s founder announced this week that he has $46.5 billion in financing to run the project’s operation.
According to the WSJ, the two parties were to meet this Sunday to discuss the billionaire businessman’s proposal.
According to the same sources, Twitter is making an estimation of the value of its business and may insist on certain conditions to accept Musk’s offer, such as that if an agreement is reached between them, the buyer assumes the financial protections and ultimately the operation fails. closed.
According to the newspaper, Twitter is expected to make a statement no later than when it releases its quarterly accounts next Thursday, although that response isn’t necessarily definitive, the company may leave the door open to seek other offers or negotiate different offers. . terms with Musk.
From the very beginning, the expectation was that the company would refuse the sale to Tesla’s founder after initially approving the measures taken to delay or prevent the purchase.
According to the WSJ, Musk recently met privately with several major Twitter shareholders to present his proposal, which would have convinced a few.
Considered the richest man in the world, he made a $43,000 million offer to the company on April 14 at a price of $54.20 per share.
Musk already owns more than 9% of the headlines on Twitter, a social network where he is very active but denies the existence of freedom of speech problems he says he wants to resolve..
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