The Wall Street Journal has reported that Twitter is reconsidering Elon Musk’s buyout proposal, with discussions between the two camps ongoing on Sunday, after the billionaire said he had secured the necessary funding.

“Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate,” the business daily reported, citing sources familiar with the matter.

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On Thursday, Tesla CEO Elon Musk said he had secured close to $46.5 billion to finance the transaction, but also that he planned to appeal directly to the company’s shareholders as he looks to take over the social media platform.

The Twitter board of directors had been opposed to the proposal, lining up a “poison pill” clause that would make it harder for Musk to acquire more than 15 percent of the company via the market. He currently owns 9.2 percent of shares.

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“The potential turnabout on Twitter’s part comes after Mr. Musk met privately Friday with several shareholders of the company,” the Journal reported.

The Journal said Twitter could make an announcement on the matter by Thursday or even before, according to these sources.

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Recently, Musk had apparently told Twitter chairman Bret Taylor his original April 14 offer of $54.20 per share has not changed, the daily added.

Twitter had previously invited Musk to join its board of directors, but the SpaceX head declined.