Twitter is “re-examining” the offer presented by billionaire Elon Musk, according to a new report from the Wall Street Journal.
Musk had secured $46.5 billion to acquire Twitter, according to a new Securities and Exchange Commission filing that was revealed on Thursday. Musk previously presented an offer to purchase all of Twitter for $43 billion – which he declared to be his “best and final” offer.
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Billionaire Saudi Prince Alwaleed bin Talal Al Saud – who is one of Twitter’s largest shareholders – publicly rejected the offer. Musk questioned if Saudi Arabia was involved in the ownership of Twitter.
Liberals suffered embarrassing meltdowns at the mere thought of Musk owning the social media platform.
Twitter’s board of directors developed a “poison pill” defense to prevent Musk from taking over the company, and to thwart a hostile takeover.
In a press release, the social media platform said it had adopted the plan “following an unsolicited, non-binding proposal to acquire Twitter.”
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However, Twitter is “re-examining” Musk’s offer to take over the micro-blogging platform, according to a Wall Street Journal report published on Sunday afternoon.
Musk and Twitter are reportedly meeting on Sunday to discuss the proposition. The report noted that Twitter “may be receptive to a deal” by the Tesla CEO’s proposal to purchase the company.
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