Elon Musk‘s offer to buy Twitter may actually be one that the company can not refuse – the man is reportedly due to meet with executives this weekend … to seriously discuss his takeover proposal.
That Wall Street Journal reports that both sides are set to meet on Sunday (today) to get into the weeds of his $ 43 billion bid … which he made public and which he also just announced that he was getting legal funding on a amounting to $ 46.5 billion to actually make it happen.
According to the WSJ, Twitter is receptive to negotiating a deal … or at least hearing Elon and considering a final price tag – even though the European Championships say he will not shake $ 54.20 per share. shares.
There’s more on the table, potentially than just dough. The WSJ says Twitter honchos are considering a number of factors … including a final valuation of what they think the bird app is worth, the ability to invite other bidders … and perhaps even insist that Elon cover the cost of break if they would- be deal fall apart (aka, sweeteners).
As for why Twitter would entertain this at all … Reuters reports that they are under pressure from shareholders who want to be paid out. Elon reportedly met with a select number of major shareholders last week to make his bid on why Twitter would be better in his hands.
Among the things he reportedly wants to change (in addition to his “freedom of speech” objections) … allows for longer tweets and pivots ads away. He reportedly also told several of them … you never reach my stock price on your own. Twitter’s closing price on Friday was $ 48.93.
Reuters says some shareholders have told management not only to talk to Elon and notice him – but, more importantly, to see if they can come up with a bigger deal.
Time will tell if Elon is willing to spend a little more on taking Twitter privately – but he almost made people think he dropped this whole endeavor, tweeting “Moving on” Sunday … later explaining that he meant to tease Bill Gates concerning climate change.
Twitter has an earnings call on Thursday and is expected to officially weigh in on the bid. Bottom line … Elon’s chances too takes over looks more real and genuine every day. 👀