Twitter's Board Is Said to Seriously Consider Elon Musk's Bid

The Twitter board of directors convened for a dialogue about Elon Musk's takeover offer

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"two sides are meeting," signaling that "the social-media company could be more receptive to a deal."

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"Twitter reassesses Musk bid, may be more open to deal" was the Journal's lead headline

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for much of Sunday afternoon and evening, prompting newfound speculation about Twitter's future.

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What is the Twitter board's estimation of the company's value? Is it in the same ballpark as Musk?

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Dan Ives of Wedbush Securities said Sunday that "the Street will read this news today as the beginning of the end

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for Twitter as a public company with Musk likely now on a path

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to acquire the company unless a second bidder comes into the mix.

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The Board could officially reject Musk's bid and then a hostile tender off will begin."

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currently trading around $49 a share, lower than Musk's $54.20 a share offer

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As previously announced, the Board is continuing to conduct a careful,

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comprehensive and deliberate review to determine the course of action

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in the best interest of the Company and all Twitter stockholders."

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