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Twitter’s Board Is Said to Seriously Consider Elon Musk’s Bid



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Twitter may be moving closer to a deal with Elon Musk.The board of the social media service met on Sunday morning to discuss Mr. Musk’s unsolicited $46.5 billion bid to buy the company, after he began lining up financing for his offer last week, two people with knowledge of the situation said. The financing was a turning point for how Twitter’s board viewed Mr. Musk’s bid of $54.20 a share, enabling the company’s 11 board members to seriously consider his offer, the people said.Twitter’s board planned to meet with Mr. Musk’s side later on Sunday to discuss other contours around a potential deal, said the people, who spoke on the condition of anonymity because they were not authorized to discuss confidential information. Those details include a timeline to close any potential deal and any fees that would be paid if an agreement was signed and then fell apart.Any deal remains far from certain, but the willingne …

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