After major backlash from Twitter shareholder over a possible hostile takeover by Elon Musk, the leftist eggheads at Twitter are reportedly now considering Elon Musk’s offer to buy the left wing social cesspool network. Things may start to get interesting this week.
Twitter reportedly is shifting gears in regard to Elon Musk’s multi-billion dollar offer to buy out the company after he disclosed in a Securities and Exchange Commission (SEC) filing last week that he has the money to back up his offer.
“Twitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would pay for it,” The Wall Street Journal reported. “But after he disclosed last week that he now has $46.5 billion in financing, Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate.”
The report described the situation is “fast-moving” with the two sides meeting today to discuss Musk’s proposal.
The company is expected to “weigh in on the bid” later this week when it reports its first-quarter earnings.
“The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company to extol the virtues of his proposal while repeating that the board has a ‘yes-or-no’ decision to make,” the report adde.d “He also pledged to solve the free-speech issues he sees as plaguing the platform and the country more broadly, whether his bid succeeds or not.”