Twitter board meets Musk to discuss bid, reports say
Twitter's board reportedly met Elon Musk over the weekend to explore his $43bn (£33.6bn) takeover offer for the social media platform.After the Tesla boss first revealed his bid, Twitter's management announced a so-called "poison pill" strategy to fend off a potential hostile buyout.
Mr Musk plans to finance his bid with the backing of US lender Morgan Stanley and other financial institutions.A spokesperson for Twitter declined to comment on the reports.Details of how Mr Musk intended to finance his offer, which were disclosed to US regulators on Thursday, made Twitter's 11-member board seriously consider a possible deal, according to Reuters, the New York Times and Bloomberg - citing anonymous sources.
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