Musk In Talks With Investors To Join His Bid To Take Over Twitter: Report

Elon Musk, the world’s wealthiest man, is reportedly in talks with investors about joining his bid to purchase the social media platform Twitter.

A partnership could be announced in a matter of days, sources familiar with the matter told the New York Post. Musk initiated a bid to take over the social media giant earlier this week with an offer of $54.20 per share for all of Twitter’s shares, a bid worth more than $40 billion.

While Musk’s potential partners are unknown, sources told the post that one could be Silver Lake Partners, a company Musk has worked with in the past and is co-run by one of the members of Twitter’s board of directors. As the New York Post reported:

One possibility, the sources said: teaming with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private.

Silver Lake’s Co-CEO Egon Durban is a Twitter board member and led Musk’s deal team during the 2018 failed effort to take Tesla private, sources said. Silver Lake declined to comment.

This is a breaking story. Check back for updates.

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