Twitter Is Reportedly Reconsidering Elon Musk's $43 Billion USD Offer
Potentially making a decision as early as Thursday.
Twitter is now reportedly reconsidering Elon Musk‘s bid to take over the social media platform. The Tesla CEO’s $43 billion USD offer first came more than 10 days ago after he declined to join Twitter’s board of directors, which would have limited the stake he could buy in the company to 14.9%. The social media giant was quick to dismiss the offer, even going so far as to adopt a “poison pill” policy that allows certain shareholders to purchase more stock to fend off a hostile takeover.
According to a new report from The Wall Street Journal, however, Twitter is now “taking a fresh look” at Musk’s offer. The two parties are said to have met on Sunday to negotiate a potential deal but the former has declined to comment on the report so far. WSJ also highlights that Twitter could be delivering its decision or stance as early as Thursday during its first-quarter earnings report.
Stay tuned as the story develops.
Elsewhere in the tech world, Google has seemingly confirmed rumors of a smartwatch release by trademarking “Pixel Watch.”
