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$43 Billion Offer: Twitter in Talks with Elon Musk

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Twitter is reportedly in talks with billionaire Elon Musk over the sale of the company.

Wall Streat Journal is reporting that a deal could be struck as early as this week, quoting people familiar with the issue.

The two sides met Sunday to talk things through, exactly 10 days after Musk disclosed his intention to buy the social media company for $43 billion.

Twitter initially rebuffed the offer until Musk disclosed that he had $46.5 billion in financing for the planned takeover.

That includes more than $25 billion from 12 different banks and $21 billion of his own money.

Other actions taken by the world’s richest man include meeting privately with several shareholders of the company to pitch his proposal.

He reportedly told those he met that the Twitter board has a “yes-or-no” decision to make.

Twitter is slated to report first-quarter earnings Thursday and is expected to weigh in on the bid then or before.


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