Representatives of Elon Musk and Twitter Inc. are still grappling with terms of an agreement that would enable the purchase of the social-media company to proceed, continuing a monthslong drama surrounding the fate of the blockbuster deal.
As of late Wednesday, representatives of Mr. Musk and Twitter were trying to hash out the details of his proposal this week to stick to the original agreement, people familiar with the matter said. Sticking points include what would be required from both sides for litigation over the stalled deal to be dropped and whether the deal’s closing would be contingent on Mr. Musk receiving the necessary debt financing, some of the people said.
