Twitter is ready to agree to be bought by Elon Musk
According to Bloomberg, the agreement can be reached as early as tonight or tomorrow morning (Vietnam time) if the negotiation process goes smoothly.
Last week, billionaire Elon Musk said he had “gathered” enough money to achieve his goal of acquiring Twitter after buying more than 9% of the company’s shares earlier, making him Twitter’s largest shareholder on 9/. last 4. However, when he was invited to join Twitter’s board of directors, Elon Musk declined.
On April 14, Elon Musk suddenly announced that he wanted to buy this social networking platform for about $43 billion. In documents published by the US Securities and Exchange Commission, the billionaire, CEO of Tesla and SpaceX, said that his assets were backed by Morgan Stanley and other financial institutions, thereby denying any Rumor has it that he doesn’t have enough cash to make the big deal.
Twitter initially adopted a strategy to prevent takeovers, known as the “poison pill,” to repel all of Elon Musk’s efforts. But it seems that the company’s management has “turned the car” and sat down at the negotiating table after Elon Musk revised his offer.
It seems that Twitter management wants to know if any ongoing investigations into Elon Musk from regulators, such as the SEC, could potentially damage the deal, and also evaluate see if Elon Musk’s acquisition of the company is too risky a deal – because if the two cannot come together, Twitter will have to pay a fee called a “breakup fee” for the billionaire. billionaire Tesla.
Reference: Independent
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