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Elon Musk and Twitter: shares, acquisition and, above all, lots of doubts

It will have escaped the notice of few people with an interest in tech and the Internet that Elon Musk has enough money to take over Twitter. The tech entrepreneur recently made an offer of just over $54 per share, while the value stood at $47 and a bit on April 21. Why does Musk want to do this?

Well, not to make money, he revealed during an interview on April 14, but for the “public good.” “Twitter has basically become a village center,” which he says makes the platform valuable. “That’s why people need to know that they can always say anything possible within the limits of the law.”

Elon Musk made a serious offer

So Elon Musk recently decided to make a serious offer for the platform of $43 billion (that’s just over 40 billion euros converted). However, board members did not see eye to eye on this and quickly let it be known that they were turning down the offer. Musk’s response was that this is not up to them, but to the shareholders.

SpaceX satellites Elon Musk Tesla TwitterElon Musk. (Image: Philip Pacheco / AFP)

That same board of directors shortly thereafter considered taking a kind of poison pill known as a “shareholder rights plan.” Twitter could give other shareholders more shares, making Musk’s stock smaller and worth less. That way, the Tesla chief has less of a stake.

And then suddenly the twist comes

That’s one solution to the problem; but Twitter can also let itself be taken over by another party, of course. However, it doesn’t seem to be coming to that. Because now the same Board of Directors seems to be interested in Elon Musk’s offer after all. This happened last weekend, write the BBC and Wall Street Journal, among others.

Although Elon Musk said at the time that $43 billion was his “last offer” and the board initially rejected the offer, both parties now seem to be open to negotiations. Several aspects may now still throw a spanner in the works. For example, high-ranking employees want Musk to agree to “monetary protections” if the deal does not go through.

In addition, it remains to be seen whether this is the healthiest direction for Twitter. Many Twitter employees let it be known that they will quit their jobs if Musk becomes the boss, as Telsa and SpaceX employees complain about poor working conditions. Musk also throws many ideas about the platform into the ether. For example, he recently asked for input on the edit button and, as far as he is concerned, Donald Trump may return to the platform.

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