Now that Elon Musk has told the world, in a filing with the Securities and Exchange Commission, that he has obtained up to $46.5 billion of financing commitments for his $54.20-a-share offer for Twitter, the next step for the Twitter board will be to formally reject his offer. The two sides are reportedly meeting today to re-examine Musk’s bid, the prelude, perhaps to a more aggressive negotiation. The offer is inadequate, the board will lament. Expect that response soon, probably early this coming week.
Try Puck for free
Sign up today to join the inside conversation at the nexus of Wall Street, Washington, A.I., Hollywood, and more.
Already a member? Log In
- Daily articles and breaking news
- Personal emails directly from our authors
- Gift subscriber-only stories to friends & family
- Unlimited access to archives
- Exclusive bonus days of select newsletters
- Exclusive access to Puck merch
- Early bird access to new editorial and product features
- Invitations to private conference calls with Puck authors
Exclusive to Inner Circle only
Latest Articles from A.I.
The Rise and Fall of Jack and Bobby
Ab sed dolorem fugit quia
How the Trump-McCarthy Romance Ends
Bezos’s Secret Company and Biden’s $875k-a-Ticket Fundraiser
The Biggest Story in the Billionaire Philanthropy World
“Too Quiet for Comfort”: Did Silicon Valley Botch the Recall?
The Inevitability of the World’s First Trillionaire
Get access to this story
Enter your email for a free preview of Puck’s full offering, including exclusive articles, private emails from authors, and more.
Latest Articles from A.I.
A Modest Proposal for Fixing America’s Hilariously Broken Economy
Can Zuckerberg’s Old Roommate Strong-Arm Washington?
Sed qui voluptatem voluptatem
Eaque nobis ratione dolor maiores
You have 1 free article Left
To read this full story and more, start your 14 day free trial today →
Already a member? Log In
Get access to this story
Enter your email to get access to one article and free previews of our private emails from Puck authors and editors.
Already a Member? Sign in