One option available to Twitter’s board is to open its books to the Tesla CEO to try to coax him to sweeten his bid.
| Twitter is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his $US43 billion for the social media platform his best and final offer, people familiar with the matter said on Sunday .
Twitter shares closed at $US48.93 on Friday, a significant discount to Musk’s offer that reflects the uncertainty over his bid’s fate.after Mr Musk made his offer to prevent him from raising his more than 9 per cent stake in the company above 15 per cent without negotiating a deal with its board. In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid.
reported earlier on Sunday on some of Mr Musk’s meetings with Twitter shareholders. The newspaper also reported that Mr Musk and Twitter would hold a meeting on Sunday to discuss the acquisition offer.
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