The Elon Musk-Twitter Endgame – The New York Times

Chasing the bird

What seemed highly improbable a week and a half ago is now looking a lot more real: Twitter is in advanced talks to sell itself to Elon Musk. The company’s 11-member board was negotiating with Musk into the early hours of the morning over his offer to buy the social networking service and take it private, DealBook’s Lauren Hirsch and The Times’s Mike Isaac report.

The two sides have been discussing details, including a timeline to close any potential deal and any fees that would be paid if an agreement were signed and then fell apart, according to two people with knowledge of the situation. The negotiations followed a board meeting yesterday morning to discuss the offer. No deal is certain, and it remains entirely possible that the talks will break down. It is rare for a board to try to hammer through a deal as quickly as this.

Through it all, Musk kept tweeting. Musk took aim at Bill Gates over the weekend, saying Gates had taken a short position in Tesla’s stock…

Read Full Story: https://www.nytimes.com/2022/04/25/business/dealbook/elon-musk-twitter-deal.html

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