After adopting a “poison pill” measure to fight off Elon Musk’s takeover bid, Twitter might now be open to agreeing to a deal with the Tesla CEO. According to The Wall Street Journal, Musk met with Twitter Executives on Sunday and a deal to sell Twitter could be done as soon as this week.
The change in stance comes days after Musk revealed he has the financial backing that would see him pay $43 billion to take Twitter private. Musk’s filing for the takeover from the beginning is a $54.20-a-share offer which he referred to as his “best and final”, and he told Twitter Chairman Bret Taylor again in recent days that this will not change, according to The Wall Street Journal.
Musk reportedly met privately with several Twitter shareholders on Friday outlining his vision for the company in a series of video calls. Musk focused on actively managed funds in a bid to influence the company’s decision, according to the WSJ. Even though the two sides have made progress in the past few days, there is still no guarantee an agreement would be reached as there are still issues to be ironed out.
According to the WSJ, Twitter is expected to weigh in on the bid, if not sooner when it reports its first-quarter earnings on Thursday.