Elon Musk Asks Investors To Join Him In Twitter Take Over
Posted On April 18, 2022
This article contains commentary which reflects the author's opinion
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According to reports, Elon Musk is in talks with other investors about joining his bid to buy Twitter.
After Musk publicly proposed to a Twitter buyout for slightly over $40 billion last week, sources informed the New York Post that a deal might be unveiled within days.
“One possibility, the sources said: teaming with private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private. Silver Lake’s Co-CEO Egon Durban is a Twitter board member and led Musk’s deal team during the 2018 failed effort to take Tesla private, sources said. Silver Lake declined to comment,” according to the Post.
“For its part, Twitter on Friday adopted a so-called poison pill — a corporate move that prevents Musk from acquiring more than 15% of the company. But that pill may not stop other entities or people from acquiring their own shares of up to 15% of the company. Those owners could partner with Musk to force a sale, make changes in the executive ranks or push for other overhauls of the company,” the report continued.
What Will the Future Hold?
It remains to be seen whether or not other investors will join Musk.
Rebecca Horvath is an editor and writer for NRN. For nearly a decade, Horvath wrote a regular Community Voices column for the Johnson City Press, where she was known to ruffle a few feathers. In 2018, she began writing for the National Federation of Republican Women, interviewing and profiling candidates such as Sen. Martha McSally and Sen. Cindy Hyde-Smith. Horvath also contributes to Net3d.home.blog.