Twitter's board is seriously considering Elon Musk's bid to purchase the social media company.
Sources spoke to both the New York Times and the Wall Street Journal, and said the "turning point" came when Musk revealed he had $46.5 billion in financing to cover the $43 billion unsolicited bid.
Prior to that disclosure, Twitter was expected to turn the offer down, and had put a "poison pill" in place to keep Musk from increasing his stake. Now, however, the board met Sunday morning among themselves and later Sunday with people on Musk's side to discuss what to do.
Musk has told the company this is his best offer and he won't go higher.
