According to The Wall Street Journals, the company is now re-examing the takeover bid after the billionaire announced he had the financial backing to get the deal done.
When it was first announced that Musk was looking to pay $43 billion to buy the social media giant, the company rejected the proposal. However, they are now taking a ‘fresh look’ at the offer and could engage in negotiations.
The Journal reported that the two sides were due to meet on Sunday (US time) to discuss the proposal.
Twitter has declined to comment on the reports.