Friday, March 29

Shareholders force Twitter to listen to Musk’s offer | Digital Trends Spanish


Twitter would have started negotiations for an agreement with Elon Musk on Sunday due to pressure from the company’s shareholders, who were interested – via social networks – in the plans it has for Elon Musk’s bird company. It appears that some “details” of the $43 billion takeover offer have begun to tip the scales in favor of Tesla’s owner.

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But beware, Twitter’s decision does not mean that it will accept its offer of $54.20 per share, they said. the same sourcesalthough it is clear that the company is exploring this possibility.

The same sources point out that Musk has been meeting with Twitter shareholders in recent days, seeking their support for his offer. The idea that inspires the tycoon (presumably, beyond the business) is that Twitter must be a private company to grow and become a platform for genuine freedom of expression.

Jakub Porzycki/NurPhoto/Getty Images

Many Twitter shareholders contacted the company after Musk outlined a detailed financing plan for his offer on Thursday, urging the social network not to pass up the opportunity for a deal that could benefit everyone. Musk’s insistence that his offer for Twitter is “the last and best” had become a stumbling block in the deal negotiations, though it now appears that Twitter’s board of directors has decided to engage with Musk to gather more information about the deal. your ability to complete the deal and potentially get better terms.

According to these same Reuters sources, Twitter has not yet decided whether to explore a sale to pressure Musk to increase his offer. People with knowledge of the matter declined to be identified because discussions of the settlement are confidential.

Twitter adopted the so-called “Poison Pill” after Musk made his offer to prevent him from increasing his stake in the company above 15% without negotiating a deal with his board. In response, Musk threatened to launch a public offering that he could use to drum up Twitter shareholder support for his bid.

The latter seems to be paying off for Musk. Although this story is still far from over.

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