Should Twitter take such a step, Mr. With a tender offer called Musk, shareholders can take their bids directly. If they have Mr. Musk’s offer, he could sell his stock to a billionaire, giving him control of the company.
The board is also considering getting offers from other companies seeking to acquire Twitter, said another person familiar with its plans, adding that takeover is another common move between targets. It is unknown at this time what he will do after leaving the post.
Mr. may be needed for the deal. Musk has મેળવવા 15 billion to મેળવવા 20 billion in debt financing, said Dan Eves, an analyst at Wedbush Securities. Thought Mr. Musk is the richest man in the world, with most of his value tied up in Tesla stocks.
Twitter Mr. Question can. Musk’s ability to finance or claim the deal makes the company less valuable. The offer is 54 per cent premium over the share price the day before he started investing in the company in late January. But Twitter shares traded higher than Mr. Musk’s bid for most of last year.
When Mr. Musk announced his stake in Twitter, and was welcomed by several board members, including Twitter co-founder Jack Dorsey. Mr. Twitter Kasturi was placed in his boardroom, a move that officials hoped would prevent him from publicly criticizing the company. But the reception was quickly received. Mr. Kasturi rejected the board meeting.
By Wednesday, Mr. Musk was ready to announce his next move. In a message to Brett Taylor, chairman of Twitter’s board, Mr. Musk said: “I believe in its potential to be a platform for free speech around the world, and I believe that free speech is a social necessity for a functioning democracy,” according to a filing with the Securities and Exchange Commission later released. . “Twitter needs to be transformed into a private company.”
Mr. Taylor, co-chief executive of Salesforce, has been on Twitter’s board since 2016, when Salesforce considered buying Twitter. Mr. Taylor joined the salesforce a year after acquiring his own company, Quip.