Recently everyone was surprised when they got to know that Elon Musk has offered a whopping $43 billion for a hostile Twitter takeover. It has been also revealed that he was planning to buy Twitter for $54.20/share.
During an event, Musk has revealed that he has Plan B if the doesn’t work.
Elon Musk has said that Twitter will not thrive in its current form and needs to change. He has no confidence in its management. I would need to reconsider my position as a shareholder if the deal doesn’t work.
We want to tell you that before Elon Musk made the offer to take over Twitter he had bought around 9% of Twitter shares which made him the largest shareholder of Twitter. After becoming the largest shareholder he has been offered a seat on the board of Twitter but Musk has denied the offer.
Before his offer to buy Twitter Elon Musk has twitted a lot of things like if Twitter adheres to its free speech principle, edit button on Twitter, and many more.
He also said that Twitter is dying like most celebrities rarely tweet even having millions of followers.
After the offer to buy for $54.20/share which is about 38% more premium than the stock price trade at the beginning of the April month Elon Musk has said something shocking that you should know. During a TED event in Vancouver Musk has said that he has Plan B if they denied this offer. He didn’t reveal more details about his Plan B.