According to US media: Twitter warms to Musk’s takeover bid

Twitter is now more open to Elon Musk’s purchase offer. The US media reports. Although there are still open questions, it is possible that an agreement will be reached this week.

According to US media reports, Twitter is no longer as opposed to the takeover bid by tech billionaire Elon Musk as it was at the beginning. The “Wall Street Journal” reported on Monday night that the sides were negotiating and could secure a deal this week. The financial service Bloomberg also wrote that Twitter had become more open to Musk’s plan since presenting funding commitments of $ 46.5 billion (around 43 billion euros) last week.

Musk announced his intention to take over Twitter around ten days ago – and explained this with alleged restrictions on freedom of speech on the short message service, which he wanted to turn off. The board of directors of the online service then introduced a countermeasure that allows other shareholders to buy shares at lower prices as soon as an attacker like Musk has a stake of more than 15 percent. At the same time, Twitter generally left the door open for a deal. Musk has already bought a good nine percent share in the past few months.

Negotiations are making initial progress

After Sunday’s meeting, the sides made progress but still have some differences to iron out, the Wall Street Journal wrote, citing people with knowledge. It is still not certain that a deal will come about, it said. So far, Twitter has only officially referred to the announcement that Musk’s offer will be examined in the interests of all shareholders.

Musk had repeatedly emphasized that he would not increase the offered price of $54.20 per share. That would value Twitter at around $43 billion. Investors have so far been skeptical that Musk will achieve his goal: the stock closed at just under $49 on Friday, well below its offer.

Musk presented commitments for loans of a good 25 billion dollars and also wants to bring in shares worth around 21 billion dollars. Tesla boss Musk is by far the richest person in the world. However, his fortune consists almost exclusively of shares in the electric car manufacturer and his space company SpaceX, so that he would also have to resort to credit for a Twitter purchase.