SpaceX founder Elon Musk looks on at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake - RC12CE22F3F0
Elon Musk tweeted “Love Me Tender”, an Elvis Presley song, a day after Twitter Inc (TWTR.N) adopted a “poison pill” to protect itself from the billionaire’s $43 billion cash offer to buy the social media company.
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”. read more
In another tweet over the weekend, Musk, a self-described “free speech absolutist” who has been critical of Twitter and its policies, replied to a post of his from 2017 where he had asked “How much is it (Twitter)?” with an upside down smiley.
Musk, who is also the CEO of electric-vehicle maker Tesla Inc (TSLA.O), has amassed a 9.1% stake in Twitter and is the social media firm’s second-biggest shareholder.
Shares of Twitter rose 2.1% to $46.03 in premarket trading on Monday, still significantly below Musk’s offer of $54.20 per share. The company’s shares have risen roughly 15% since Musk disclosed his stake on April 4.
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, people familiar with the matter told Reuters on Friday.
Source: REUTERS
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