The company's 11 board of directors met with Musk to discuss his offer to buy and keep social networking service private. An agreement may be reached as early as Monday 

Twitter headquarters in San Francisco.

Twitter's board had been negotiating With Elon Musk until early Monday morning, but the deal could still fail. Twitter is approaching a deal to sell to Elon Musk, the two who know the situation said it's a move to connect the world's wealthiest men with influence social networking services. According to the population, the agreement could be announced as early as Monday.

Twitter's board is negotiating his one-sided bid to buy the company early Monday morning after Mr. Musk began raising $ 46.5 billion for bidding last week. And people spoke on anonymous terms, they were not allowed to discuss sensitive information. Both sides discussion details such as the timeline to complete a potential transaction and the fees thatwould be paid if the contract were signed and then collapsed, they said. People said the

discussion followed Twitter's board of directors on Sunday morning to discuss Mr. Musk's offer. Receiving funding commitments is a turning point in how the board sees Mr. Musk's $ 54.20 per share offer, and the company's 11 directors seriously consider his offer. The company said it made it possible.

Twitter's share price has risen by more than 5% in pre-market transactions to around $ 51.50 per share. The

 agreement is not  final and can still collapse, but what was initially thought to be a very unlikely deal seemed to be  nearing the end. The situation between Twitter and Mr. Musk is still fluid and fast-moving, people familiar with  the situation said. With more than 83 million followers on Twitter and began collecting shares in the company earlier this year, Musk announced his intention to buy and privatize the company on April 14. However, his proposal was quickly abandoned by Wall Street because it was unclear if he could raise money for the deal. Twitter also adopted a “poison pill,” a defensive maneuver that would prevent Mr. Musk from accumulating more of the company`s stock.

Mr. Musk updated his proposal last week, putting pressure on Twitter to more seriously consider his bid. In a securities filing that was made public on Thursday, Mr. Musk detailed how he had put together financing from the investment bank Morgan Stanley and a group of other lenders, which were offering $13 billion in debt financing, plus another $12.5 billion in loans against his stock in Tesla, the electric carmaker that he runs. He said he would use another $21 billion in cash to buy the rest of Twitter`s equity.