Reports: Twitter May be Inching Closer to a Buy-Out Deal with Elon Musk [LISTEN]

PARIS, FRANCE – FEBRUARY 07: In this photo illustration the Twitter logo is displayed on the screen of an iPhone in front of a computer screen displaying a Twitter logo on February 07, 2019 in Paris, France. Twitter today posted better than expected Wall Street results over the last three months of 2018, with net profit up 28% and revenue up 4%, but the stock is falling. After losing 5 million monthly users by the end of 2018, the social network Twitter decided to stop giving figures. In its financial results for the fourth quarter of 2018, the company explains that this announcement will take effect in the second quarter of 2019. (Photo by Chesnot/Getty Images)

AP (WBAP/KLIF) – The New York Times reports that Twitter’s board and Tesla CEO Elon Musk are negotiating over his bid to buy the social media platform.

Musk said last week that he had lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.

The Times cited people with knowledge of the situation who it did not identify. It said the two sides were discussing details including a timeline and fees if an agreement was signed and then fell apart.

The people said the situation was fluid and fast-moving.Li

Listen to details from Fox Radio News’ Lauren Blanchard