Twitter nears a deal to sell itself to Elon Musk

INA - SOURCES 

Tesla CEO Elon Musk is taking over Twitter, the company is reportedly warming up to the idea after the billionaire said last week he had secured the necessary $43 billion in funding.
 
Sources familiar with the matter told well-known sources such as The Wall Street Journal that Twitter is taking another look at the deal and may be closer to negotiating, given how quickly Musk was able to secure financing.
 
Still, any final deal is far from conclusive. Both sides were expected to meet on Sunday, to discuss the situation in more detail.
 
Musk announced an offer last week to buy the social media platform for $54.20 per share, but did not say how he would finance the acquisition.
 
Musk said on Thursday, in documents filed with U.S. securities regulators that the money would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric carmaker.
 
Twitter has enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive.
 
The company said in a statement on Thursday, that it received Musk's updated proposal and "new information on potential financing" and said its board is "committed to conducting a careful, comprehensive and deliberate review,".