Musk previously described his offer of $54.20 per share as 'best and final' - but given the social network is set to release quarterly results on Thursday, Twitter's board may argue that this price is too low.
Musk argues that the social network needs to be taken private in order to grow and become a genuine platform for free speech.
And he's pondered adding new features including an edit button, as well as reducing Twitter's reliance on advertising and allowing longer tweets to be posted.Some hedge funds believe Musk's offer is a good deal, but other investors warn Twitter is worth far more Some hedge funds believe it amounts to a good deal - and argue that concerns over inflation and an economic slowdown mean that Twitter's stock is unlikely to be worth more than $54.20 any time soon.
In other developments, the Wall Street Journal has reported that Twitter is re-examining Musk's offer - not least because the billionaire now has financing for a deal.
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