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To get rid of Elon Musk, Twitter is likely to sell itself to Microsoft?

According to Forbes, in the past few years, Twitter has received many offers to acquire. This social network then suffered a lot of constraints and had to consider selling itself.

Specifically, in the early 2000s, Twitter was approached by Yahoo and Facebook. A few years later, they continued to receive an offer from Google, and then in 2016, entertainment and media giant Walt Disney spoke up.

Among them, Facebook’s $ 500 million proposal is perhaps the most prominent because this is the largest number, given at the time when billionaire Jack Dorsey leaves the post of Twitter CEO.

“All the offers to buy Twitter revolve around board plays or changes in leadership. The same is true with Elon Musk, “said Jason Goldman, senior management representative at Twitter. “Twitter has the kind of cultural resonance that other big companies crave, a cultural imprint that extends beyond the scale of the business.”

TWITTER DON’T WANT TO SELL ME TO MUSK?

Currently, Twitter is having a big problem and perhaps the company needs more potential “candidates” to fill the list of big players that want to acquire, such as Microsoft or SalesForce. Parag Agrawal, the current CEO of Twitter is still in the process of testing, even facing head-to-head with Elon Musk – who wants to “buy out” all Twitter shares.

To get rid of Elon Musk, Twitter is likely to sell itself to Microsoft?  - Photo 1.

Elon Musk has offered to buy back 100% of Twitter shares, at $54.2/share to fully own the famous social networking site.

Specifically, according to Bloomberg, Musk has offered to buy back 100% of Twitter shares, at $54.2 per share to fully own the famous social networking site. The Tesla CEO thinks that Twitter has extraordinary potential and he will try to unlock it.

In a letter to the Twitter Board of Directors, Musk said that Twitter “will not be able to thrive and serve the right to free speech if it maintains its current model.” Therefore, this social networking site needs to be maintained. converted into a private company, under the hands of Elon Musk.Morgan Stanley was subsequently selected as the advisory bank for the acquisition.

Twitter leadership may not want to sell themselves to Elon Musk, but there are not many alternatives. If Elon Musk does not make this deal, the richest man on the planet will leave many opportunities for other big men who are looking to buy this social media network.

According to Forbes, Twitter can “oppose” Elon Musk by diluting shares, which increases the number but reduces the value of each share. In doing so, current CEO Agrawal could relinquish control of Twitter, but it’s unclear what Twitter will be left with after the dilution, which is certain to plunge the company’s capitalization.

To get rid of Elon Musk, Twitter is likely to sell itself to Microsoft?  - Photo 2.

Twitter leadership may not want to sell themselves to Elon Musk, but there are not many alternatives

Billionaire Warren Buffett in 1989 also used stock dilution to save the famous razor company Gillette. He bought a $600 million batch of preferred stock to end a hostile takeover attempt by Coniston Partners.

WHO CAN “SAVE” TWITTER?

Currently, the list of people who can “save” Twitter from Elon Musk is not much. Meta – a leading candidate in the past, is facing a series of scandals and an antitrust investigation by the Federal Trade Commission. Meanwhile, Google is also facing a rigorous review by the US Department of Justice, and Yahoo and Disney are almost impossible.

“Twitter is a potential platform, but we couldn’t overcome the challenges that come with it, including issues related to freedom of speech,” Disney CEO once shared in 2019.

So who can save Twitter? According to Wall Street experts, Salesforce has the capacity to do this. CEO Marc Benioff has also previously considered buying Twitter. Bret Taylor, a leader on the Salesforce executive team, is also a household name on Twitter, but it’s not clear if that’s enough for him to propose a takeover of a social networking site.

To get rid of Elon Musk, Twitter is likely to sell itself to Microsoft?  - Photo 3.

Microsoft still refuses to comment on the possibility of “snatching” Twitter from billionaire Elon Musk

According to Wall Street sources, another potential “candidate” that can be mentioned at the moment is the technology giant Microsoft. However, the corporation still refuses to comment on the possibility of “snatching” Twitter from billionaire Elon Musk.

Wall Street’s conjecture is not without foundation, because in the past, Microsoft also wanted to own a social media network. In 2020, this group pursued the acquisition of TikTok, but failed because of the intervention of the administration of former US President Donald Trump. In addition, Microsoft’s $ 26.2 billion acquisition of LinkedIn has previously demonstrated that this Big Tech can turn a social networking site into a machine to make billions.

“Microsoft has brought a huge source of value to LinkedIn. Not only that, but Microsoft also increases professionalism, trust and respect,” said Brent Thill, analyst at Jefferies.

According to: Forbes, Bloomberg

https://cafebiz.vn/de-thoat-khoi-elon-musk-twitter-kha-nang-cao-phai-tu-ban-minh-cho-microsoft-20220415161941984.chn


Vu Anh

Following the Economic Lifestyle

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