After trying to block the businessman, Twitter is now considering accepting Elon Musk’s takeover offer.
Update on April 25 at 9 p.m. – It’s official, American billionaire Elon Musk is buying the social network Twitter for around 44 billion dollars (54.20 dollars per share)!
Just days after opposing a takeover by Elon Musk, Twitter is now considering giving the businessman a chance. According to information from wall street journalthe company would seriously consider the proposal of the boss of SpaceX and Tesla.
Just a few weeks ago, Elon Musk created a surprise by announcing his arrival in the capital of Twitter. Not content with becoming the majority shareholder of the firm, the billionaire quickly assumed even greater ambitions, by offering to buy the blue bird for 43 billion dollars, his “best and latest offer“. So far, Twitter has been rather hostile to this takeover proposal, even going so far as to adopt a strategy of “poison pill” to counter Musk’s plans, and prevent him from acquiring too many shares of the company.
Twitter is now considering a takeover
The company finally seems to have decided to review its copy about Elon Musk. Yesterday, the two parties were to meet to discuss more seriously the possibility of a takeover, but also to negotiate on the points of complication which still hinder the project of the businessman. Self-proclaimed “free speech absolutist“, the boss of Tesla is now betting on the freedom of the American market to conclude the largest acquisition financing ever offered by a natural person.
Paradoxically, the businessman also considers that his acquisition will not be intended to be profitable, but rather to guarantee democracy and freedom of expression everywhere in the world. A message that is not new to the entrepreneur: before buying Twitter, he was already planning to create his own social network, which he saw as a space of total freedom. By buying Jack Dorsey’s platform, Musk could also afford unlimited communication support.
Regardless of Twitter’s decision on Elon Musk, the ax should fall no later than Thursday, when the company is due to report its first quarter 2022 results.