Twitter, under shareholder pressure, begins deal talks with Musk

Posted on AllSides April 24th, 2022
From The Center
REUTERS/Dado Ruvic/Illustration

Twitter Inc kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said.

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...

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https://www.reuters.com/business/exclusive-twitter-under-shareholder-pressure-seek-deal-with-musk-sources-say-2022-04-24/

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