But Twitter is now “taking a fresh look” at Musk’s offer and is more likely to engage in negotiations, according to The Journal. The outlet reports the two sides are meeting on Sunday to discuss the proposal, but a handful of hurdles could complicate negotiations. For instance, company executives could insist on Musk agreeing to monetary protections if the deal falls through.
Twitter declined to comment on the report. When Musk first announced his bid, the company said it was committed to a “careful, comprehensive and deliberate review” of the offer. It’s very likely we’ll learn how Twitter plans to proceed sometime in the next few days. The Journal reports the company will weigh in on the situation when it reports its first-quarter earnings on Thursday, “if not sooner.”