Elon Musk’s proposal to revive his US$44 billion offer for Twitter Inc. followed earlier discussions about cutting the price that failed to yield an agreement, according to people familiar with the matter.
Musk’s representatives and Twitter held talks in the past few weeks about a buyout for less than the US$54.20 a share, which didn’t go anywhere, said the people, who asked not to be identified because the talks were private.
A representative for Twitter declined to comment. A spokesman for Musk’s legal team didn’t immediately return an email seeking comment late Wednesday.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk's revived Twitter deal has employees asking: Should I stay or should I go?Many workers have dreaded the prospect of Elon Musk buying Twitter. Read more
Read more »
Elon Musk proposes buying Twitter for original price of $54.20 a shareMusk had been trying for months to back out of his contract to acquire Twitter. Find out more.
Read more »
Elon Musk proposes buying Twitter for original price of $54.20 a shareMusk had been trying for months to back out of his contract to acquire Twitter. Find out more.
Read more »
Elon Musk proposes buying Twitter for original price of $54.20 a shareMusk had been trying for months to back out of his contract to acquire Twitter. Find out more.
Read more »
Elon Musk proposes going ahead with deal to buy Twitter: ReportTrading in shares of Twitter was halted after the stock spiked on reports that Elon Musk would proceed with his $44 billion deal.
Read more »