This photo chart taken on April 15, 2022 shows Elon Musk’s Twitter account on the smartphone in front of the Twitter logo. REUTERS / Dado Ruvic / Illustration / File Photo
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April 18 (Reuters) – A day after Twitter Inc., Elon Musk tweeted Elvis Presley’s song “Love Me Tender”. (TWTR.N) He accepted the “poison pill” to protect himself from the billionaire’s $ 43 billion cash offer to buy the social media company.
After Musk’s TED speech on Thursday, he ignored Twitter’s board and pointed to the possibility of a hostile attempt to offer the offer directly to its shareholders: “It’s absolutely insecure that a partner does not vote for this opportunity. . read more
In another tweet over the weekend, Musk, who described himself as a “complete free speech” criticizing Twitter and its policies, responded to his 2017 post by asking, “How much is this (Twitter)?” With an inverted smiley.
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Musk is also the CEO of electric vehicle maker Tesla Inc. (TSLA.O)Has amassed a 9.1% stake in Twitter and is the second largest shareholder in the social media company.
Shares of Twitter rose 2.1% to $ 46.03 in Monday’s free market trading, significantly lower than Musk’s offer of $ 54.20 per share. Shares of the company have risen about 15% since Musk issued its shares on April 4th.
Technology-focused private equity firm Thomas Bravo, which had more than $ 103 billion in assets under management until the end of December, told Reuters on Friday that it was exploring the possibility of merging the auction. .
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Report of Akriti Sharma and Savi Mehta in Bangalore; Editing by Shaunak Dasgupta
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