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.
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
7 thoughts on “Musk Tweets ‘Love Me Tender’ Days After Twitter Takeover Offer”
Hello btrams.com admin, Excellent work!
Hi btrams.com webmaster, You always provide great examples and real-world applications.
Hello btrams.com owner, Thanks for the well-researched and well-written post!
Hi btrams.com administrator, Your posts are always well-received by the community.
Dear btrams.com administrator, Thanks for the great post!
Dear btrams.com administrator, You always provide valuable feedback and suggestions.
Hi btrams.com admin, Your posts are always informative.