Million dollar proposal: Twitter reconsiders Elon Musk’s purchase offer

Million dollar proposal: Twitter reconsiders Elon Musk’s purchase offer

According to The Wall Street Journal, in recent days Musk has met privately with several major Twitter shareholders to present his proposal.
According to The Wall Street Journal, in recent days Musk has met privately with several major Twitter shareholders to present his proposal.

Twitter is reconsidering the offer of 43 billion dollars raised by Elon Musk to take over the company, as reported this Sunday by The Wall Street Journal (WSJ), which now sees more feasible for the two parties to negotiate an agreement which initially seemed difficult.

The New York newspaper, which cites anonymous sources familiar with the matter, pointed out that the social network is re-analyzing Musk’s proposal after the Tesla founder announced this week that he has 46.5 billion dollars in financing to take out forward the operation.

According to the WSJ, the two parties were scheduled to meet this Sunday to discuss the billionaire businessman’s offer.

Twitter, according to those same sources, is finalizing an estimate of the value of its business and could insist on certain conditions to accept Musk’s proposal, among them that the buyer covers the financial protections in case an agreement is reached and finally the operation is not closed.

According to the newspaper, Twitter is expected to make a statement at the latest when it releases its quarterly accounts next Thursday, although that answer does not have to be definitive, rather the company could leave the door open to seek other offers or negotiate different ones. terms with Musk.

From the outset, the expectation was that the company would reject the sale to the founder of Tesla, after initially approving measures to delay or avoid the purchase.

According to the WSJ, in recent days Musk has met privately with several major Twitter shareholders to present his proposal, which would have convinced several of them.

The considered richest man in the world launched an offer of 43 billion dollars for the company on April 14, at a rate of 54.20 dollars per share, compared to a current price that is below 49 dollars.

Musk already owns more than 9% of the titles of Twitter, a social network in which he is very active, but where he denounces the existence of problems of freedom of expression that, as he has said, he wants to solve.

Twitter shoots up 5%

Twitter soared 5% this Monday in electronic operations prior to the opening of Wall Street, driven by reports about negotiating a deal to be acquired by businessman Elon Musk.

At 8:10 a.m. local time on the New York Stock Exchange, more than an hour before the bell rang, Twitter was up 5.25% to $51.50 a share on the possibility of it accepting a buyout offer. today.

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