Elon Musk is one step closer to his goal of acquiring Twitter.
The world’s richest man met with the Twitter board yesterday, apparently to discuss details of a potential deal.
Musk earlier this week announced his intention to acquire the company through a hostile takeover after buying up more than 9% of Twitter’s shares. He is said to have secured the finance necessary for the $46,5-billion needed to make an offer of $54.20 per share.
Musk revealed details of the financing plans with Morgan Stanley and other financiers to US regulators on Thursday, which is believed to have made the board consider a possible deal.
He is also reported to have contacted several Twitter shareholders to garner support for his takeover plans.
According to several sources, a deal with the board could be concluded as early as this week.