Twitter board explores Musk's potential $43-billion bid amid shareholder pressure
Musk’s plans to raise finance placed before regulators
By Prathapan Bhaskaran
Published - Apr 25, 2022, 09:04 AM ET
Last Updated - Feb 24, 2024, 04:52 AM EST
Twitter's (NYSE: TWTR) board has reportedly begun talks with
world’s richest man Elon Musk exploring his $43-billion takeover bid of the microblogging platform, a Reuters report says.
The board move came following apparent shareholder pressure after
Twitter management earlier tried to fend off Musk’s hostile takeover bid. It
was reported that the management even considered making it too costly for a hostile
bidder to succeed to fend off the Tesla (NASDAQ: TSLA) owner.
No official confirmation
Musk plans to tap his own resources and US lender MorganStanley as well as other financial institutions, earlier reports said.
