Cheraw Chronicle

Complete News World

Twitter no longer rejects Elon Musk's takeover bid |  Economie

Twitter no longer rejects Elon Musk’s takeover bid | Economie

According to American media, Twitter is no longer rejecting the takeover offer from billionaire and Tesla CEO Elon Musk as it was in the beginning. The parties met yesterday, writes “The Wall Street Journal” and the financial agency Bloomberg.

“Twitter is taking a fresh look at the offer and is more open to negotiation than before,” the Wall Street Journal said, citing sources close to the file. An agreement may be reached this week, but talks could collapse as well.

Offer 42.8 billion euros

On Thursday, Musk said he had secured $46.5 billion in funding to bid for the Twitter acquisition. He has considered making a formal offer directly to shareholders and is said to have made his offer to a number of those shareholders on Friday.

After Musk announced his $54.2 per share offer, Twitter activated the so-called poison pill. As a result, existing shareholders can purchase additional shares at a discount if one of the parties purchases more than 15 percent of the shares without prior approval. Musk has bought 9% of Twitter shares in recent months. His offer is estimated by the microblogging site at about 40 billion euros.

No comment

Twitter did not comment on the new development. The company maintains its previous communication that the offer will be “subject to a thorough review”.

Musk is by far the richest person on earth. His net worth consists mainly of shares in Tesla and his space company, SpaceX. So he will have to turn to credit to acquire Twitter.

See also  Microsoft challenges $10 billion government contract between NSA and Amazon - IT Pro - News