Elon Musk's tweet displayed on a screen and the Twitter logo displayed on a phone screen is seen in this illustration photo taken in Krakow, Poland on April 14, 2022. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) SAN FRANCISCO - Twitter’s board is negotiating with CEO Elon Musk over his bid to buy the social media platform and a deal could be announced as early as Monday, according to media reports.Twitter and Musk negotiated into the early hours Monday over his bid to buy the social media platform, The New York Times reported, less than two weeks after the billionaire first revealed a massive stake.Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.The Times, citing people with knowledge of the situation who it did not identify, said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart.
The people said the situation was fluid and fast-moving.Before the opening bell Monday, shares of Twitter Inc. rose 5%.Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive.