Elon Musk Tweets ‘Love Me Tender’ Days After Twitter Takeover Offer
Elon Musk tweeted “Love Me Tender,” a song by Elvis Presley, a day after Twitter Inc applied a “poison pill” to protect itself from an offer to acquire the 43-dollar social media company. billion dollars of billionaires.
After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board and take the offer directly to the public. shareholders, with the tweet: “It would be unbelievable not to put this proposal in a shareholder vote”.
In another tweet over the weekend, Musk, a self-described “liberalist” who has been critical of Twitter and its policies, responded to one of his posts from five years ago. 2017, where he asked “How much is it (Twitter)?” with an upside down smiley face.
Musk, who is also the CEO of electric vehicle maker Tesla Inc, has amassed a 9.1% stake in Twitter and is the social media company’s second-largest shareholder.
Shares of Twitter rose 2.1% to $46.03 in pre-market trading on Monday, still significantly below Musk’s offer of $54.20 per share. The company’s shares have risen about 15% since Musk revealed his holdings on April 4.
Thoma Bravo, a tech-focused private equity firm with more than $103 billion in assets under management as of the end of December, told Twitter it was exploring the possibility of a bid. familiar with the matter told Reuters on Friday. .
(This story has not been edited by NDTV staff and was automatically generated from the syndication feed.)