The company's decision to engage with Musk does not mean that it will accept his $54.20 per share bid, the sources said.
Musk's insistence that his bid for Twitter is his"best and final" has emerged as a hurdle in the deal negotiations, the sources said. Twitter wants to know more about any active investigations by regulators into Musk, including by the US Securities and Exchange Commission , that would present a risk to the deal being completed, one of the sources said.
The social media company adopted a poison pill after Musk made his offer to prevent him from raising his more than 9% stake in the company above 15% 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.
The price expectations among Twitter shareholders for the deal diverge largely based on their investment strategy, the sources said.
They have to say no to him...Keep twitter Woke and supporting the Democrat party...Election in November....
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