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Twitter negotiates with Elon Musk over sale

Twitter Board are in serious talks to sell the company to billionaire Elon Musk, who made an unsolicited offer to buy the social media platform and privatise it.

New York Times, reported that the 11-member board was negotiating with Musk into the early hours of Monday over his unsolicited bid to buy the company, after he began lining up $46.5 billion in financing for the offer last week.

Anonymous sources close to the claimed the two parties were 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.

As of Monday, no agreement has been finalised.

credit: PunchNG

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