Twitter considering Elon Musk takeover bid after billionaire secures funding, report says
The IndependentThe latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Twitter executives are reportedly meeting to discuss Elon Musk’s $46.5bn offer on Sunday in a sign they may be warming to the billionaire’s hostile takeover attempt. The Wall Street Journal reported Twitter was re-examining Mr Musk’s bid to buy the social media site for $54.20 per share after the Tesla CEO secured financing for the deal. Elon Musk offered Twitter shareholders $54.20 per share This marks a major turnaround from last week, when the Twitter board announced they would attempt to use a “poison pill” shareholder rights plan to stop the takeover. https://t.co/lj9rRXfDHE — Elon Musk April 9, 2022 The board countered his move by filing for a shareholder rights plan known as a “poison pill”, which would dilute his stake by selling discounted shares.