Twitter Inc. TWTR 3.93 per cent is in talks to sell itself to Elon Musk and might close a deal this week, a remarkable turn of events just ten days after the billionaire unveiled his $43 billion bid for the social media business. BREAKING: Twitter is in talks to finalize a deal with Elon Musk to sell him 100% of the company after originally rejecting his offer. — Watcher.Guru (@WatcherGuru) April 25, 2022 On Sunday, the two parties met to discuss Mr Musk’s plan and were making progress, though there were still concerns. There is no certainty that they will achieve an agreement. Mr Musk has insisted that his $54.20-per-share offer is his “best and final,” and he has told Twitter Chairman Bret Taylor in recent days that he will not compromise on the price, according to some of the sources. The two parties were scheduled to discuss what Mr. Musk would pay if an agreed-upon agreement fell through before it could be completed. Twitter is likely to comment on the deal when it reports first-quarter earnings on Thursday, if not sooner. Twitter Adopted a Poison Pill Defence The board of directors of Twitter adopted a poison pill defense on April 15 to safeguard the company from Elon Musk. As a result, Twitter’s planned “poison pill” against Musk’s potential purchase is a device that could push the outspoken entrepreneur into talks. Other Twitter shareholders would be able to buy shares at half-price, increasing the number of shares in...
