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Twitter reconsidering Elon Musk’s offer.

Tesla Boss Elon Musk said earlier this week he had secured close to $46.5 billion to finance the transaction,

But also that he planned to appeal directly to Twitter's shareholders as he looks to take over the social media platform.

Twitter is reconsidering Elon Musk's buyout proposal, with discussions between the two camps ongoing Sunday,

The Wall Street Journal reported, after the billionaire said Thursday he had secured the necessary funding.

"Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate," the business daily reported, citing sources familiar with the matter.

Tesla CEO Elon Musk said Thursday he had secured close to $46.5 billion to finance the transaction,

But also that he planned to appeal directly the company's shareholders as he looks to take over the social media platform.

The Twitter board of directors had been opposed to the proposal, lining up a "poison pill" clause that would make it harder for Musk to acquire more than 15 percent of the company via the market.

He currently owns 9.2 percent of shares. The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company, the Journal reported.

Considering bypassing Twitter's board of directors in his takeover bid by purchasing shares directly from existing shareholders,

"but has not determined whether to do so at this time," according to a securities filing released Thursday.

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