The offer of $45 billion of Elon Musk to acquire Twitter seems to be able to succeed. While investors were reluctant to sell to the controversial billionaireit now appears that the operation will take place, and the verdict may well be in… From today. We take stock of the subject.
Elon Musk vs Mark Zuckerberg?
Elon MuskTwitter’s largest shareholder after a 9% acquisition earlier this month, had offered to buy all outstanding shares from Twitter. The Tesla CEO, however, is currently the subject of a lawsuit from Twitter shareholders who accuse him of withholding information about his initial acquisition for a longer period than necessary. Mr Musk has hinted that he is considering taking the social media giant private so he can align its abuse policies more closely with his political agenda. The billionaire previously said about it :
I invested in Twitter because I believe in its potential to be the platform for free speech worldwide, and I believe that free speech is a societal imperative for a functioning democracy. However, since making my investment, I realize that the business will neither be able to thrive nor serve this societal imperative in its current form. Twitter must be transformed into a private company.
And currently, this buyout offer is being scrutinized.
An operation that would be about to conclude
According to sources inside Twitter, quoted by Reuters, Twitter would be in the process of accepting the takeover offer by Elon Musk, for a total valuation of 43 billion dollars. Twitter would thus announce its agreement in the process, after a meeting bringing together its board of directors. Without official confirmation, it is still possible that the talks fail, but all internal sources tend to confirm the same scenario for the moment.
If this is indeed the case, we will present the reactions of French Internet users, the board of directors, and Elon Musk himself, when the transaction is finalized. And if you want to know how the billionaire trolled Mark Zuckerberg jsute after he offered to buy Twitter, we invite you to consult our previous article on the subject.
