Twitter’s board and Tesla CEO Elon Musk are negotiating over his bid to buy the social media platform, according to reports.
Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.It said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart.
Sources also told Reuters that Twitter has not been able to secure a ‘go-shop’ provision that would allow it to solicit other bids once its deal with Musk is signed.The people said the situation was fluid and fast-moving.
France Dernières Nouvelles, France Actualités
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