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.
- Missing person alert: Baltimore police continue search - May 17, 2023
- Tone deaf Hillary mocks Trump for pleading the Fifth - August 12, 2022
- Trump official calls to abolish Department of Education - July 19, 2022
JOIN US @NewRightNetwork on our Telegram, Twitter, Facebook Page and Groups, and other social media for instant news updates!
New Right Network depends on your support as a patriot-ran American news network. Donate now