Twitter (NYSE:) is reportedly more inclined to accept a takeover offer from Tesla’s (TSLA) CEO Elon Musk than earlier, according to a report in the Wall Street Journal.

Two sides are expected to meet today to discuss Musk’s offer after the billionaire disclosed that he has secured $46.5 billion in financing. This move from Musk has forced Twitter’s board to re-examine the offer.

The situation is ‘fast-moving,’ according to the WSJ. Twitter’s board noted the rapidity with which Musk was able to obtain the funding necessary to close the deal and the market sale.

Moreover, Musk reportedly met with several shareholders on Friday to discuss his offer and reiterated that the board has a “yes-or-no” decision to make.

“He has an established track record at Tesla (NASDAQ:). He is the catalyst to deliver strong operating performance at Twitter,” Thrivent Asset Management growth fund’s manager Lauri Brunner told the WSJ.

Thrivent owns 0.4% in Twitter.

The report also noted that Twitter is still examining its valuation and how it relates to Musk’s offer of $54.20 per share. If the deal fails, one of the options is to pay a breakup charge.

Twitter will report its quarterly earnings this Thursday. It is expected that the company will discuss the offer then, or sooner. According to WSJ, Musk informed Twitter’s chairman Bret Taylor that he won’t walk away from his offer.

By Senad Karaahmetovic