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Twitter considers billionaire Elon Musk’s takeover offer

Photo: Reuters.

This information was just published by The Wall Street Journal.

On April 21, Tesla CEO Elon Musk said he had secured nearly $46.5 billion to make this purchase, and he also plans to plan to convince shareholders when wants to take over this social media platform.

Previously, Twitter had opposed this proposal, the buyback offer that billionaire Musk made on April 14, although it did not know how he would value the company and had adopted a “poison” mechanism to prevent not allow Musk to buy more than 15% of the company’s shares. Billionaire Musk currently owns 9.2% of the shares.

“The potential boom on Twitter comes after Mr. Musk met privately with some of the company’s shareholders on April 22,” The Wall Street Journal reported.

According to the Wall Street Journal, billionaire Musk is “committed to addressing the free speech issues that he considers troubling the platform and the country whether or not his bid is successful.”

Twitter considers billionaire Elon Musk's takeover offer - Photo 1.

Tesla CEO, Elon Musk.

Last week, the billionaire said he was considering bypassing Twitter’s board of directors in a takeover attempt by buying shares directly from existing shareholders, “but has not yet determined whether to do so next week.” this time or not,” according to a securities filing released on April 21.

Billionaire Musk currently holds 9.2% of Twitter shares with a total value of up to $ 2.9 billion at the closing price on April 1. He also has an account with 80 million followers on this social network.

Earlier, Twitter invited billionaire Musk to join its board of directors, but the head of SpaceX declined. On April 10, Twitter CEO Parag Agrawal announced that billionaire Musk, the company’s largest shareholder, had decided not to join the board.

It is expected that Twitter will announce business results on Thursday (April 28) and consider the acquisition price of the world’s richest person.

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