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Elon Musk

Twitter executives are reportedly meeting to discuss Elon Musk’s $46.5bn offer on Sunday in a sign they may be warming to the billionaire’s hostile takeover attempt.

The Wall Street Journal reported Twitter was re-examining Mr Musk’s bid to buy the social media site for $54.20 per share after the Tesla CEO secured financing for the deal.

This marks a major turnaround from last week, when the Twitter board announced they would attempt to use a “poison pill” shareholder rights plan to stop the takeover.

Mr Musk also met with Twitter shareholders on Friday to drum up support for his bid, The Journal reported.  

Source: Independent

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