It was one of the most frenzied and unpredictable takeover bids ever, with Elon Musk sealing a deal to acquire Twitter for $44-billion within weeks of anyone even knowing he was an investor.
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Amazon.com founder Jeff Bezos posed a provocative question after Elon Musk clinched a $44-billion takeover of Twitter.
Elon Musk clinched a deal to buy Twitter for $44-billion on Monday. Meanwhile, former US President Donald Trump said he will not return to the platform.
Twitter is poised to agree a sale to Elon Musk for $43-billion (R674-billion) in cash, the price the chief executive of Tesla has called his “best and final” offer.
Elon Musk’s short-lived effort to take Tesla private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation.
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.
Elon Musk has secured a $46.5-billion financing commitment to acquire Twitter and is considering starting a tender offer for its outstanding shares.
Elon Musk wants to transform Twitter into a platform for free speech with few restrictions. But Musk, who is famously sensitive to criticism, has a mixed record on championing the cause.
Elon Musk is willing to invest up to $15-billion of his own money to take Twitter private, the New York Post reported, citing sources familiar with the matter.
Twitter has adopted a measure that would shield it from hostile acquisition bids, taking steps to thwart billionaire Elon Musk’s hostile offer.