According to the Wall Street Journal, the social network is in talks with the billionaire boss of Tesla about a takeover. After many adventures, the discussions seem to be accelerating.
Twitter, on the way to becoming a “Musk-have”? According to wall street journal, representatives of the company and the billionaire met this Sunday to discuss the proposal made by the boss of Tesla, ten days earlier, to buy the social network for 43 billion dollars. Advances would have been endorsed but questions would still have to be settled, before a possible agreement this week, say people close to the file to the American newspaper. “Twitter takes a fresh look at the offer and is more likely than before to look to negotiate”added the latter.
A “fresh look” surprising since it comes after about two weeks of twists and turns since Elon Musk’s takeover proposal. The latter was first fiercely opposed by the company’s board of directors which, on April 15, revealed a defense strategy – known as the “poison pill” – aimed at preventing the boss of SpaceX from getting away with it. seize.
Far from being offended, Elon Musk, known for his troll skills on the social network, announced on Thursday that he had managed to secure nearly 46.5 billion dollars to finance the transaction. In all, 21 billion come from his personal fortune, estimated at 281 billion dollars by the magazine Forbes. Morgan Stanley Bank – also a shareholder with more than 8% in Twitter – has also undertaken to grant him two loans, one of 13 billion dollars and another of 12.5 billion.
In addition, the boss of Tesla added considering going directly through the shareholders of Twitter to buy back their shares, avoiding the board of directors, without however confirming to have recourse to a hostile takeover bid. According to the sources of wall street journalthe company’s board of directors would have jumped “after Mr. Musk met privately with several shareholders of the company on Friday”.
He “also pledged to find a solution to free speech issues […]whether his offer is accepted or not., it is specified. Elon Musk said he wanted to make Twitter “the platform for freedom of expression in the world”.
Twitter could speak this Thursday, when publishing its first quarter results, or even before, according to these sources, a response that ‘could leave door open to other offers or negotiate with Mr. Musk on terms other than price’.