Twitter has begun talks with Elon Musk

Following shareholder pressure, Twitter has begun talks with Elon Musk

According to the sources, the company’s decision to speak with Musk earlier on Sunday does not imply that it will accept his $54.20 per share offer.

Musk, the CEO of electric carmaker Tesla Inc TSLA.O, has been meeting with Twitter shareholders in recent days to seek support for his takeover attempt.

According to the sources, Musk’s insistence that his bid for Twitter is his “best and final” has become a stumbling block in the transaction negotiations.