Twitter is taking another look at Musk takeover bid, source says
Summary
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. 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 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. Twitters board met Sunday to discuss Musks financing plan for his proposed bid, a source close to the situation told CNBC. The person said the board is looking for other offers and the company could provide an update by the time it reports its latest financial results Thursday, if not before.