Should Twitter put such a measure in place, Mr. Musk could take his bid directly to shareholders with a so-called tender offer. If they like Mr. Musk’s offer, they could sell their stock to the billionaire, allowing him to gain control of the company.The board is also considering soliciting offers from other companies that may want to acquire Twitter, one of the people familiar with its plans said, another common move among takeover targets. It was not clear if Twitter had approached anyone yet.A deal could require Mr. Musk to obtain $15 billion to $20 billion in debt financing, said Dan Ives, an analyst at Wedbush Securities. Though Mr. Musk is th …
