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IPFS News Link • Social Networking/Social Media

Twitter is reportedly reconsidering Elon Musk's bid to buy the social media company...


-Twitter officials are expected to meet Sunday to re-examine Musk's offer to buy the company, WSJ reported.

-The company last week filed a shareholder rights plan or "poison pill" to prevent a hostile takeover by Musk.

-The Tesla CEO confirmed $46.5 billion in financing from banks and other entities in a regulatory filing earlier this week.

Twitter is reportedly reconsidering Elon Musk's bid to purchase the social platform, The Wall Street Journal reported

Sources close to the matter told The Journal that Twitter officials are meeting on Sunday to re-examine Musk's offer, and may be more receptive to negotiating with the billionaire after initially trying to thwart his purchase. Twitter last week fought back against the Tesla CEO using a shareholder rights plan, or "poison pill," designed to avoid a hostile takeover.