The Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter Inc with a $43 billion cash takeover offer.
As you know that Elon musk is the richest man on this planet for your knowledge I would be happy to tell you that recently Elon musk owns 73,486,938 shares of Twitter which are the biggest shareholder on Twitter.
After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board and put the offer directly to its shareholders, tweeting: “It would be utterly indefensible not to put this offer to a shareholder vote”.
Over the weekend Musk, already the San Francisco-based company’s second-largest shareholder after amassing a 9.1% stake in the social media firm, tweeted Twitter board’s “economic interests are simply not aligned with shareholders”.
Twitter on Friday adopted a “poison pill” to limit Musk’s ability to raise his stake in the company.
Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, informed Twitter that it was exploring the possibility of putting together a bid, people familiar with the matter told Reuters on Friday.
News Source / The Express Tribune: April 18, 2022