Twitter negotiates its sale to Elon Musk after bringing positions closer, according to the US press

Twitter negotiates its sale to Elon Musk after bringing positions closer, according to the US press

The council of the social network has met until the early hours of this Monday to discuss with the richest man in the world his unsolicited offer
The council of the social network has met until the early hours of this Monday to discuss with the richest man in the world his unsolicited offer

Twitter and Elon Musk approach positions after a change in the position of the council of the social network. The board of directors of Twitter is negotiating the details of the sale of the company that owns the social network to Elon Musk, the richest man on the planet, who in mid-April proposed to buy the company for 43,394 million dollars (39,803 million euros), according to ‘The Wall Street Journal’ and ‘The New York Times’.

According to this last newspaper, the eleven members of the Twitter council have met until the early hours of this Monday to discuss his unsolicited offer with Musk , according to sources close to these meetings. The same sources added that the parties were discussing the details of the transaction, including a timetable and the fees that would be paid if an agreement was signed and ultimately not completed.

For its part, ‘The Wall Street Journal’ reveals that the Twitter board, initially reluctant to the operation, opened the doors to a negotiation with Musk this Sunday, after the tycoon reported last week that he has guarantees worth of 46,500 million dollars (42,919 million euros) to finance the launch of a possible takeover bid (OPA) on Twitter.

Likewise, this newspaper points out that the change in the position of the Twitter board occurs after Musk had met privately last Friday with several shareholders of the company to present the advantages of his proposal, in addition to committing to address the problems. of freedom of expression that it considers affect the platform.

In any case, both newspapers warn that no agreement has yet been reached and the parties may ultimately not sign any pact.

Rachel Maga
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life's biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.