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

Twitter’s 11-member board met on Sunday morning to discuss Mr. Musk’s offer to buy the company and take it private.

Twitter may be moving closer to a deal with Elon Musk.

The board of the social media service met on Sunday morning to discuss Mr. Musk’s unsolicited $46.5 billion bid to buy the company, after he began lining up financing for his offer last week, two people with knowledge of the situation said. The financing was a turning point for how Twitter’s board viewed Mr. Musk’s bid of $54.20 a share, enabling the company’s 11 board members to seriously consider his offer, the people said.

Twitter’s board planned to meet with Mr. Musk’s side later on Sunday to discuss other contours around a potential deal, said the people, who spoke on the condition of anonymity because they were not authorized to discuss confidential information. Those details include a timeline to close any potential

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