Twitter is reviewing Elon Musk’s takeover bid, and talks are taking place between the two camps on Sunday, according to the Wall Street Journal.
« Twitter takes a fresh look at the offer and is more likely than before to seek to negotiate“, believes the economic daily, citing close sources.
The boss of Tesla had indicated Thursday that he had secured nearly 46.5 billion dollars to finance this transaction, but also that he planned to go directly through Twitter shareholders to buy the social network.
Twitter’s board of directors had opposed the acquisition by adopting a so-called ” poison pill to make the takeover more difficult if it reaches 15% of Twitter’s share capital. He currently owns 9.2%.
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Also according to these sources, “the potential reversal on the part of Twitter comes after Mr. Musk met privately with several shareholders of the company on Friday”.
He “has also undertaken to find a solution to the problems of freedom of expression (…), whether his offer is accepted or not”, it is specified. Elon Musk said he wanted to make Twitter “the platform for freedom of expression in the world”.
The Tesla boss has “emphasized actively managed funds, these sources said, in hopes they could sway the company’s decision.”
He had indicated Thursday that he was considering going directly through Twitter shareholders to buy back their shares, without going through the board of directors (CA), but had not confirmed that he could have recourse to a public offer of unfriendly purchase.
Twitter could speak on Thursday, when releasing its first quarter results, or even before, according to these sources, a response that “could leave the door open to other offers or negotiate with Mr. Musk on other terms. than the price”.
With MAP