Sources say Elon Musk is considering bringing in partners in the Twitter bid.
Sources close to the matter told The Post that Elon Musk was talking to investors who could be his partner in the bid for Twitter.
The sources said the new plan, which includes partners, could be announced in a matter of days.
One possibility, according to sources: teaming up with private-equity firm Silver Lake Partners, which plans to invest with him in 2018 when he plans to take Tesla private.
Sources say Egon Durban, co – CEO of Silver Lake, is a Twitter board member and led the Musk Deal team in the failed 2018 attempt to take Tesla private. Silver Lake declined to comment.
It is unknown at this time what he will do after leaving the post. A Musk spokesman declined to comment.
For his part, Twitter called the Friday Poison Pill – a corporate move to prevent more than 15% of buyouts at the Musk company.
But that pill may not stop other companies or individuals from acquiring up to 15% of their own shares in the company. Those owners may partner with Musk for forced sales, changes in executive ranks, or other modifications to the company.
Twitter has not yet submitted its shareholder rights plan to the SEC, although it has announced a toxic pill in a statement. The SEC filing provides more details on whether it prevents single-minded investors from buying more than 15% stake.
“It’s not over,” said a source close to the situation.
Musk now claims to have a 9.1% stake in Twitter. He made the offer Thursday to buy Twitter for $ 54.20. The shares finally traded at $ 45.08 each, as it is doubtful whether he will succeed with his current take-it-or-leave-it proposal.
Saudi Arabian investor Prince Alwaleed bin Talal, one of the major shareholders in Twitter, said on Thursday that it had rejected the proposed takeover bid.
Meanwhile, there may be options besides saying no on Twitter.
Private-equity firm Thomas Bravo told Twitter on Friday that Bloomberg and Reuters were studying the possibility of a rival offer to the company, citing known sources. It came after the Post reported exclusively on Thursday that Thomas Bravo was considering a Twitter bid.