New filingSecurities and Exchange Commission sheds some light on this. TwitterBoard’s first conversations with Elon Musk, a billionaire, as he decided that he would join the board. Later, he abandoned the plan to get control of the company and resigned.

Musk was eventually sold by the board for $44 Billion. TeslaChief Executive Officer has stated the agreement is in place on holdHe studies the spam and bot accounts available on the platform.

The Tuesday filing shows a timeline showing conversations Twitter had in the months leading up to the deal. It begins on March 26th, when Musk reached out “to discuss future directions of social media” to Jack Dorsey (ex-CEO of Twitter). Musk reached out to Egon Duban, a member of Twitter’s board of directors that day and discussed the possibility for Musk to join the board.

Musk talked with Parag Agrawal, CEO of Twitter and Bret Taylor, about Twitter the next day. He said he thought of joining the board or trying to make Twitter private.

Musk joined the board of directors in April after meeting with lawyers and bankers. This was contingent upon a background check.

Musk reached out via email to Dorsey on April 4. According to the filing, Dorsey stated that he believes Twitter is better equipped to concentrate on execution in a private business. Musk asked Dorsey if he would remain on the board, even though he was already set to go. Dorsey refused.

Shortly after the conversation ended, Musk had his background checked and was granted board membership. Musk will be effective April 9. In anticipation of Musk’s new position on the board, Musk and Agrawal discussed Twitter’s products and business in advance. Before the appointment was made, Musk had told Taylor and Agrawal that his intention to leave the board would be to offer Twitter privacy.

This set off an intense few weeks of chaos where Musk offered to purchase Twitter for $54.20 per shares. In an effort to stop Musk moving ahead with hostile takeovers, the board approved a plan called “Poison Pill” (or shareholder rights). He then suggested a tender proposal, appealing directly to shareholders in a takeover. This again appeared to have an impact on the Twitter board’s decision to accept Musk’s original offer.

The filing shows that Twitter’s board considered the company’s history and challenges. It also concluded it was unlikely other potential buyers would be willing or able buy Twitter. This is based on financial, regulatory and execution risk. The board also considered Musk as a possibility for an unrequested takeover, and concluded that Musk’s initial offer to Twitter was the best that Twitter could possibly obtain.

The deal was ultimately approved by the board. Musk later revealed publicly on May 5th that he had been speaking to existing stockholders including Dorsey about how to retain equity in the new company. According to the filings Dorsey said that he had spoken with the company and indicated that he may end up holding equity at the newly merged firm.

Musk has made it a point to offer. Twitter’s stock has fallen along with the broader marketInvestors are now unsure if the deal will be able to go through. Musk hinted at an event He could negotiate a lower price.

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