Twitter may become more open to a takeover bid from Elon Musk after the billionaire revealed he has acquired $46.5 billion in financing.
Twitter’s board met yesterday to discuss the financing plan of Musk for his proposed bid. The board is considering other offers, and the company may provide an update sooner.
Twitter is still working on figuring out its value.
Twitter executives are re-analyzing the bid, and they may try and negotiate. The situation is rapidly moving. The two sides will meet on Sunday to discuss Musk’s $43 billion proposal.