Twitter is reportedly taking another look at Musk takeover bid

Twitter is reportedly taking another look at Musk takeover bid


Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany.

Patrick Pleul | AFP | Getty Images

Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 billion in financing, The Wall Street Journal reported Sunday.

The social media company had been expected to shoot down the offer and had adopted a so-called poison pill to fend off a potential hostile takeover.

But executives are now re-examining the bid and are more likely than before to try and negotiate, the paper said, citing people familiar with the matter. The situation is fast-moving, but the two sides are meeting on Sunday to discuss Musk’s $43 billion proposal, the Journal reported.

A Twitter spokesperson declined to comment on the report.

The social media giant is reportedly still working on estimating its own value. Executives could also insist on guarantees, such as Musk covering breakup protections if the deal fell through, the paper said.

Twitter is set to report its latest financial results on Thursday and had been expected to weigh in on the bid then. Executives could also discuss the deal earlier in the week, the sources said.

Twitter could indicate it is open to other bidders or negotiating with Musk on certain terms, according to the report. Musk has reportedly said he will not sway from his initial offer.

Read the full report from the Wall Street Journal.



Source

Google might lose its  billion search deals. Analysts say that could fuel its AI growth
Technology

Google might lose its $26 billion search deals. Analysts say that could fuel its AI growth

Any day now, a federal judge is expected to issue a landmark ruling that could upend some of the most lucrative deals in Silicon Valley: Google’s default search contracts. At stake is more than $26 billion a year, $20 billion of which goes to Apple. That’s nearly a quarter of Alphabet’s operating income. For decades, […]

Read More
China Nvidia rival Cambricon adds to  billion rally with 4,000% revenue jump
Technology

China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump

China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Chinese semiconductor firm Cambricon posted record profit in the first half of the year underscoring how local challengers to Nvidia are gaining traction as Beijing looks to boost its domestic industry. Cambricon is among a plethora of […]

Read More
Microsoft had police remove protesters who stormed office over work with Israeli military
Technology

Microsoft had police remove protesters who stormed office over work with Israeli military

Brad Smith, president of Microsoft Corp., at the Web Summit conference in Vancouver, British Columbia, Canada, on Wednesday, May 28, 2025. The annual conference gathers key industry figures in technology. James MacDonald | Bloomberg | Getty Images Microsoft asked police to remove people who improperly entered a building at its headquarters in protest of the […]

Read More