‘Twitter board members are starting to get cool with Elon Musk?’
Twitter Inc.’s board of directors conspired to advise the company’s shareholders to accept a $ 44 billion acquisition bid by Elon Musk.
The matter was reported by Anadolu Agency, through the filing of a board member to the Securities and Exchange Commission (SEC) stating that the merger agreement was fair to the interests of Twitter as well as its shareholders.
For the record, Tesla CEO Elon Musk acquired a total of 9.2% stake in Twitter before launching a $ 44 acquisition bid against the company.
Then on April 25, Twitter announced an agreement on Musk's bargain but the world's richest millionaire postponed the acquisition to May 13 due to a boat problem.
Through a tweet on his personal Twitter, Musk explained that the delay was made because he found that there were spam/fake accounts that exceeded 5% in the application.
On the other hand, Musk when interviewed at an economic forum event in Doha stated that the issue of banning such social media applications in China is not an additional issue to its postponement.
Clearly Musk, he doesn’t feel his business operations in China could cause problems in taking over Twitter.
For the record, Twitter has officially been banned in China, however the country uses it to spread messages overseas with the help of spam bots.
Meanwhile, Twitter shares closed at $ 37.78 before the last public holiday, a 30% drop since the acquisition postponement.
