Tesla CEO Elon Musk is willing to invest up to $15 billion of his own cash to take Twitter private and will make a bid within 10 days, according to Tuesday reports.
reported
Musk’s massive $43 billion bid to purchase the company – or $54.20 per share – may require borrowing against both the company and his stock in addition to raising money from private equity investors, The Post reported, citing two sources close to the situation. Musk will launch the tender officer within roughly 10 days, according to The Post. It remains to be seen how successful Musk will be in raising the necessary cash, as his propensity for controversy has turned off some investors. Last week, Twitter adopted a measure known as a "poison pill," which refers to a tactic that companies employ to block an investor from accumulating a majority stake in a company.
Twitter is leaving open the possibility of negotiating with Musk or another suitor. In a regulator filing on Monday, Twitter’s board says the shareholder rights agreement should not interfere with any merger or offer approved by the board.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What Elon Musk Would Do With TwitterElon Musk, a self-described “free-speech absolutist,” said that Twitter is the “de facto town square,” and that “it’s very important for there to be an inclusive arena for free speech.” Here's what else he has planned.
Baca lebih lajut »
Elon Musk turns his attention to buying Twitter completely -SAN DIEGO (KUSI) – Fresh off of securing a large stake in twitter, Elon Musk turned his attention to buying the company completely. On Good Morning San Diego, KUSI’s Lauren Phinney talked with Kevin Paffarth, Social Media and Financial Analyst, about the possibility of a successful purchase of Twitter. I made an offer https://t.co/VvreuPMeLu — Elon Musk (elonmusk) April 14,...
Baca lebih lajut »
Twitter Embraces 'Poison Pill' Strategy and Elon Musk Talks Tough as Boardroom Drama Escalates | CoinMarketCapRight now, it seems Twitter is in something of a lose-lose situation — irrespective of whether Musk succeeds in his takeover bid.
Baca lebih lajut »
Elon Musk and Twitter are making weed jokes in federal filingsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »