Will the board of directors of Twitter announce in the next few hours the sale of the social network to Elon Musk?
According to the Anglo-Saxon press, the two camps worked throughout the night from Sunday to Monday on the file and the administrators of the social network could give their agreement.
Twitter would be sold for 43 billion dollars, the price initially proposed by the billionaire.
Twitter shares gained 4% at the opening of trade on Wall Street, to 50.95 dollars.
Discussions are taking place on Sunday between the two camps, after the boss of Tesla said Thursday that he had secured the sum necessary for this transaction, according to
the Wall Street Journal.
Read alsoElon Musk takes on Twitter and offers to buy the social network for $43 billion
“Twitter takes a fresh look at the offer and is more likely than before to seek to negotiate
,” the business daily believes, citing close sources.
The boss of Tesla had indicated Thursday that he had secured nearly 46.5 billion dollars to finance this transaction, but also that he planned to go directly through Twitter shareholders to buy the social network.
Twitter's board of directors had opposed the acquisition by adopting a so-called
"poison pill"
clause to make the takeover more difficult if it reached 15% of Twitter's share capital on the stock market.
He currently owns 9.2%.
Also according to these sources,
“the potential reversal on the part of Twitter comes after Mr. Musk met privately with several shareholders of the company on Friday”
.
He
"also undertook to find a solution to the problems of freedom of expression (...), whether his offer is accepted or not"
, it is specified.
Elon Musk said he wanted to make Twitter
"the platform for freedom of expression in the world".
"Influencing the company's decision"
The Tesla boss put
“emphasis on actively managed funds,
these sources said
, in hopes they could sway the company’s decision”
.
He had indicated Thursday that he planned to go directly through Twitter shareholders to buy back their shares, without going through the board of directors (CA), but had not confirmed that he could have recourse to a public offer of unfriendly purchase.
Elon Musk has also
"reiterated in recent days to the president of Twitter, Bret Taylor, that he would not budge from his offer of 54.20 dollars per share"
made on April 14, the Wall Street Journal still believes.
Twitter then offered Elon Musk to join its board of directors, but the multi-billionaire declined the offer.