Twitter Re-Examines Elon Musk's Bid, May Be More Receptive to a Deal

[former9thward]

Two sides are meeting Sunday to discuss takeover bid, people familiar with the matter say

Twitter Inc. TWTR 3.93% is re-examining Elon Musk’s $43 billion takeover offer after the billionaire lined up financing for the bid, in a sign the social-media company could be more receptive to a deal.

Twitter had been expected to rebuff the offer, which Mr. Musk made earlier this month without saying how he would pay for it. 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, people familiar with the matter said. The situation is fast-moving and it is still far from guaranteed Twitter will do so.

Twitter is still working on an all-important estimate of its own value, which would need to come in close to Mr. Musk’s offer, and it could also insist on sweeteners such as Mr. Musk agreeing to cover breakup protections should the deal fall apart, some of the people said.

https://www.wsj.com/articles/twitter-re-examines-elon-musks-bid-may-be-more-receptive-to-a-deal-11650822932?st=zti46j146r8a8cm&reflink=desktopwebshare_permalink

[gab13by13]

1. Another oligarch moving us to autocracy.

[Joinfortmill]

2. This is not a good idea.

[LonePirate]

3. The app/site will see a mass exodus if he buys it. People do not want another Parler.

There is a reason Parler, Gettr and Truth Social are failures and if Musk tries to make Twitter like them, the site will fail.

[yaesu]

4. I hate to cancel my twitch account as its the only site I use to keep track of friends, ect...

but if Musk gets his greedy fascist hands on it imma all done with it.

[Comfortably_Numb]

5. I ditched Facebook when the depth of their complicity in mass murder, misinformation, and

spying became crystal clear. That was four years ago. I have a Twitter account to follow a few progressives’ tweets, but I’ll shit can Twitter if that ridiculous asshat, manbaby buys it. Hell, I get most of my Twitter need right here on DU anyway.

[roamer65]

6. Glad I ditched Facef**k and twittler over a year ago.

[Hoyt]

7. Would like to see what Musk does with it. Not like major shareholders now

are altruistic, fair, Democratic, etc.