Twitter is reportedly reconsidering its initial rejection of billionaire Elon Musk’s bid to buy the social media giant.
The Wall Street Journal reported Sunday that Twitter and Mr. Musk have a meeting scheduled for Sunday on the offer.
Citing “people familiar with the matter,” The Journal reported that Twitter’s fresh look was prompted by the electric-car and space-travel tycoon’s having lined up $46.5 billion in financing.
According to some of those sources, The Journal reported that Twitter is not certain to accept the offer because of potential sticking points such as Twitter’s estimation of its own value and sweeteners such as Mr. Musk “agreeing to cover breakup protections should the deal fall apart.”
Twitter will report its first-quarter earnings Thursday and is expected to make a public comment on the bid by then at the latest, the sources told The Journal.
Mr. Musk expressed interest in buying Twitter and taking it private over, among other things, his concern that Twitter had become too censorious and, along with other Silicon Valley tech giants, was trying to dictate the national political debate.
“The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company to extol the virtues of his proposal while repeating that the board has a ‘yes-or-no’ decision to make,” The Journal wrote.
• Victor Morton can be reached at vmorton@washingtontimes.com.
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