Twitter revisits Musk’s offer, ‘may be receptive to deal’: Musk clarifies cryptic ‘move on’ tweet
Twitter is reportedly reviewing Elon Musk’s bid to take over the social media giant and “may be open to a deal,” the company said on Sunday, hours after the Tesla CEO had to clarify a cryptic he had sent.
The Wall Street Journal reported that Twitter is taking a fresh look at Musk’s $43 billion takeover bid and is more likely than before to seek to negotiate, people familiar with the matter said. Twitter bosses are expected to meet with representatives of Musk on Sunday, the newspaper reported.
However, the situation is changing rapidly and it is still far from guaranteed that Twitter will do the job, according to the Journal.
They are expected to comment on Musk’s offer during the first quarter earnings report on April 28.
Earlier on Sunday, Musk tweeted that he was “moving on” to his more than 83 million subscribers, leaving many uncertain as to what he was walking away from for several hours.
The post had over 136,000 likes, 11,000 retweets and over 2,400 quote tweets as of Sunday morning.
Later in the day, Musk clarified that the tweet was referring to ‘mocking Gates for shorting Tesla while pretending to support action on climate change’ and not going through public offering talks. shopping with Twitter.
Gates, the world’s third-richest man after Musk and Jeff Bezos, fired the Tesla CEO earlier this year after the electric vehicle maker announced a $1.5 billion stake in Bitcoin.
Scroll down for video
Tesla CEO Elon Musk may be cold-eyed about his plans to take over Twitter, after he cryptically tweeted ‘moving on’ on Sunday
Gates, the world’s third-richest man after Musk and Jeff Bezos, fired the Tesla CEO earlier this year after the electric vehicle maker announced it had taken a $1.5 billion stake in Bitcoin.
“Elon has tons of money and he’s very sophisticated, so I’m not worried about his Bitcoin going up or down randomly,” Gates told Bloomberg on Thursday.
“I think people are bought into these fads who maybe don’t have that much money to spare, so I’m not bullish on Bitcoin. My general thought would be if you have less money than Elon, you should probably be careful,” he said.
Gates has also previously commented that electric trucks like the Tesla Semi aren’t viable, which Musk countered.
In an interview on Joe Rogan Experience, Musk said he thought the Microsoft founder had a big short position in Tesla shares at one point.
“I heard that at one point he had a significant short position. I don’t know if that’s true or not, but it sounds weird,’ Musk told Rogan.
“People I know who know the situation pretty well, I asked them ‘are you sure? and they said “yeah, he’s got a huge short position in Tesla.” It didn’t work very well.
Musk tweeted this dig at Bill Gates on Friday night, comparing the Microsoft founder’s belly to that of the controversial pregnant man emoji
Musk had recently poked fun at Gates’ gut on Twitter on Saturday, posting a photo of the Microsoft mogul alongside the controversial Apple pregnant man emoji “in case you need to kill a boner “.
Musk, the world’s richest person, posted a follow-up image in response to Friday’s post from six hooded figures captioned “shadow ban council reviews Tweet.”
The unscholarly joke could further infuriate woke Twitter staffers angered by Musk’s ongoing bid to buy the company after he said he would take a hardline stance in favor of free speech.
Musk made the vague proclamation days after filing documents Thursday with the SEC.
It had previously committed $21 billion in equity, $13 billion from Morgan Stanley in credit facilities and another $12.5 billion from the bank and others in margin loans.
But “some” of his shares in Tesla have been offered as collateral, which analysts say could have a huge impact on the company.
The 50-year-old billionaire also revealed on Thursday that he was considering launching a takeover bid on Twitter after the company ignored his acquisition offer.
He said he was considering getting shares directly from shareholders, but admitted he “has not determined whether to do so at this time”.
The move signals that Musk is strengthening his commitment to seizing Twitter after weeks of back-and-forth between the entrepreneur and the company.
Earlier this week, the social media giant filed its “poison pill” defense with the SEC in a last-ditch attempt to stop it from further increasing its stake in the company.
Musk, the world’s richest man, currently owns a 9.2% stake in the tech giant and is trying to take it private with an unsolicited offer of $54.20 per share.
In a Twitter poll of nearly 20,000 users, 73% wanted Musk to buy Twitter, while 27% opposed it.
Meanwhile, Twitter’s stock price closed 0.77% higher at $47.08 on Thursday as speculation continues to swirl over whether Musk’s bold bid will be successful.
Elon Musk hostile takeover attempt on Twitter timeline:
- January 31: Musk starts buying Twitter shares ‘almost daily’
- April 4: Billionaire reveals he owns 9% stake in tech giant
- April 5: Twitter offers him a seat on the board – as long as he doesn’t own more than 14.9%. He first accepts the offer
- April 8: Vanguard Group reveals it has a larger 10.3% stake in Twitter, meaning Musk is no longer the largest shareholder
- April 9: Musk rejects Twitter board seat on day he’s supposed to join
- April 10: CEO Agrawal announces Musk declined to join board in statement
- April 12: Investor Marc Bain Rasella files lawsuit against Musk in New York for ‘failing to report his Twitter stock purchases to the SEC’ in time
- April 14: Tesla founder offers to buy Twitter for $43 billion
- April 14: Twitter shares fall after hostile takeover bid
- April 15: Twitter board mounts ‘poison pill’ strategy against Musk
- April 16: Musk tweets “Love Me Tender” as he again mocks the possibility of a hostile takeover of Twitter
- April 17: Musk agreed with a tweet saying ‘the game is rigged’ if he can’t buy Twitter
- April 18: Jack Dorsey slammed Twitter’s board for ‘conspiracies and coups’ that were ‘constantly the dysfunction of the business’
- April 18: Social media giant files ‘poison pill’ defense with Securities and Exchange Commission
- April 21th : Musk files SEC document disclosing how he will finance tender offer
- April 24: Tweets must ‘move on’ in reference to mocking Bill Gates
- April 24: Twitter announces it is reviewing Musk’s $43 billion bid to buy the company
#Twitter #revisits #Musks #offer #receptive #deal #Musk #clarifies #cryptic #move #tweet