WSJ: Twitter Reconsidering Elon Musk’s Buyout Offer

CNBC reports:

Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday.

The social media company had been expected to shoot down the offer and had adopted a so-called poison pill to fend off a potential hostile takeover.

But executives are now re-examining the bid and are more likely than before to try and negotiate, the paper said, citing people familiar with the matter. The situation is fast-moving, but the two sides are meeting on Sunday to discuss Musk’s $43 billion proposal, the Journal reported.

Read the full article. The WSJ report is behind a paywall.