July 5, 2022

Update (April 25, 8:10 am ET): Twitter is said to be in the final stages of negotiations to sell itself to Elon Musk for $54.20 per share.

What you need to know

  • Twitter’s board allegedly met on Sunday morning to discuss Elon Musk’s takeover bid.
  • The board is said to be reconsidering Musk’s proposal several days after adopting a defensive measure to prevent him from acquiring more of Twitter’s stock.
  • Musk recently disclosed that he had secured $46.5 billion in financing for his bid.

Twitter’s board is reportedly reconsidering Elon Musk’s proposal to buy the social media company, more than a week after adopting a “poison pill” measure to block his takeover bid.