CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas production “Cyber Rodeo” grand opening celebration on April 7, 2022 in Austin, Texas.
Suzanne Cordeiro|AFP|Getty Images
Elon Musk on Saturday published a puzzling tweet that stated “Love Me Tender,” recommending he was either listening to Elvis or perhaps thinking about a possible tender deal to Twitter investors to take control of the business.
A tender deal would be the most recent in the legend over his significant quote to take control ofTwitter Another tweet recommends that Musk thinks investors must choose the future of the business, not the board.
Shares of Twitter were up more than 3% in premarket trading.
“Wow, with Jack departing, the Twitter board collectively owns almost no shares!” he likewise tweeted Saturday, describing previous CEO Jack Dorsey, who will step down from the Twitter board this year. “Objectively, their economic interests are simply not aligned with shareholders!”
The Tesla and SpaceX CEO recently provided to purchase Twitter for $5420 a share, which would value it at about $43 billion. On Friday, Twitter embraced a minimal period investor rights strategy, frequently described as a “poison pill,” in an effort to ward off a possible hostile takeover.
Musk in current weeks has actually accumulated a more than 9% stake in the business. Twitter then extended a deal to Musk to sign up with the board, however on the condition that Musk could not purchase more than 14.9% of the company. Musk reversed course and rather tried to take Twitter personal.
