What will be the final verdict?
his offer in a Securities and Exchange Commission filing last week. It seems that the Twitter board is now warming up to the idea of a sale to Musk, even though the company has put up its defenses to avoid a hostile takeover.The Tesla CEO has used every opportunity to target the Board of Directors, saying that their interests are not aligned with that of the shareholders.
Twitter polls conducted by Musk himself show that his plan for a takeover of the social platform receives significant support, even though it is hard to tell how many pollsters are actually shareholders. was considered a delaying strategy, but some experts believed it would give the board time to shop around and see if a better deal was available.
The last time Musk declared he would take a company private, he backed out. The move brought him the ire of the SEC, and the regulator will likely watch him very closely about acquiring Twitter. The board wants Musk to put down some monetary protections in case the deal does not go through, . It is likely that the board will reveal more about its move after the company's Q1 earnings call this Thursday. AdvertisementAdvertisementStay ahead with the latest science, technology and innovation news, for free:
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