Elon Musk‘s supply to purchase Twitter would possibly truly be one the corporate cannot refuse — the person is reportedly assembly with execs this weekend … to noticeably focus on his takeover proposal.
The Wall Street Journal studies that each side are set to fulfill Sunday (immediately) to get into the weeds of his $43 billion bid … which he put forth publicly, and for which he additionally simply introduced he obtained legit financing within the quantity of $46.5 billion to truly make it occur.
Per WSJ, Twitter is receptive to negotiating a deal … or on the very least, listening to Elon out and contemplating a last price ticket — despite the fact that EM says he will not budge on $54.20-a-share.
There’s extra on the desk, doubtlessly than simply dough. WSJ says Twitter honchos are mulling over quite a few components … together with a last valuation of what they assume the fowl app is value, the potential of inviting different bidders … and perhaps even insisting on Elon protecting breakup prices if the would-be deal falls aside (aka, sweeteners).
As for why Twitter would even entertain this … Reuters studies they’re below stress from shareholders who wish to receives a commission out. Elon reportedly met with a choose variety of bigwig shareholders this previous week to make his pitch on why Twitter could be higher in his arms.
Among the many issues he reportedly desires to alter (past his “free speech” objections) … permitting for longer tweets, and pivoting away advertisements. He additionally reportedly instructed a number of of them … you will by no means attain my share value by yourself. Twitter’s closing value Friday was $48.93.
Reuters says some shareholders have expressed to management that not solely ought to they discuss to Elon and really feel him out — however, extra importantly, see if they will finagle a bigger supply.
Time will inform if Elon’s prepared to spend a bit extra to take Twitter personal — however he virtually had people considering he was ditching this complete endeavor, tweeting “Transferring on” Sunday … later clarifying that he meant teasing Bill Gates relating to climate change.
Twitter has an earnings name Thursday, and is anticipated to formally weigh in on the bid. Backside line … Elon’s possibilities of taking over are wanting realer and realer by the day. 👀