Twitter board meets Musk to discuss bid, reports say

Tesla and SpaceX Chief Executive Officer Elon Musk
TWITTER’S board reportedly met Elon Musk over the weekend to explore his US$43 billion takeover offer for the social media platform.

After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout.
Musk plans to finance his bid with the backing of US lender Morgan Stanley and other financial institutions.
A spokesperson for Twitter declined to comment on the reports. Details of how Mr Musk intended to finance his offer, which were disclosed to US regulators on Thursday, made Twitter’s 11-member board seriously consider a possible deal, according to Reuters, the New York Times and Bloomberg – citing anonymous sources. –


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