Big Law
Elon Musk and Twitter Discuss Acquisition Bid
Twitter’s board and Tesla CEO Elon Musk negotiated into the early hours Monday over his bid to buy the social media platform, The New York Times reported.
Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.
The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart. The people said the situation was fluid and fast-moving.
