Twitter's board is reportedly planning to accept Elon Musk's $43 billion buyout offer as early as Monday of this week.
Elon Musk is about to own Twitter
At first, it seemed unlikely that Twitter would allow Musk to complete his hostile takeover. It was unclear if the Tesla CEO even had the funds to buy the company in the first place. Even if he did, the board adopted a “poison pill” that would make it difficult for Musk to increase his stake much beyond the 9.2% that he already owns., Musk is planning to spend $21 billion of his own money.
Musk has also said that he wants Twitter to have an edit button and that he wants the service to be less dependent on ad revenue. He also wants to make it clearer to users why certain tweets gain traction and others don’t.Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR.
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