Musk’s representatives and Twitter held talks in the past few weeks about a buyout for less than the $54.20 a share, which didn’t go anywhere, said the people, who asked not to be identified because the talks were private.
The Wall Street Journal and the New York Times earlier reported the discussions, with the Times saying Musk had sought a 30% reduction in the price.
This week, Musk said in a letter to Twitter that he would be willing to complete the deal for the original price.won’t be taking place on Thursday as earlier scheduled, Bloomberg News reported earlier. In that scenario, the banks would be expected to fund their debt commitments and likely syndicate the offering with investors after the deal closes.
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