Elon Musk Seems to be Intent on Buying Twitter

Twitter is one of the largest social media platforms that is often being used to sway the public’s opinion on various subjects from elections to military conflicts. Fairly recently, Elon Musk had expressed his intent on buying this platform which greatly increased the value of Twitter’s stocks.

In a mysterious tweet, Elon Must wrote “Love Me Tender”, which could hint at a tender offer. A tender offer will allow him to bypass the company’s board and simply purchase stocks from regular stockholders. As a response to this, Twitter’s board has used several countermeasures including one called the poison pill measure.

The exact details of this countermeasure are still unknown. However, according to a press statement that was made by Twitter on Monday, if someone purchases more than 15% of the stake without gaining the board’s approval, the poison pill measure will be activated and remain active until April next year, allowing other shareholders to buy additional shares of Twitter.

Back in 2018, Musk had made Tesla private with the help of Silver Lake Partners, and he may want to do the same with Twitter. Additionally, Twitter has also attracted Thoma Brave firm, which may have a take over interest.

Another source of confusion has been the latest screenshot of Twitter’s insider ownership. This screenshot creates a falsely low percentage of insider ownership, with directors and executive officers owning a measly 2.7 percent.

But keep in mind that it is in Musk’s interest to make the board look bad. Currently, Elon Musk doesn’t bear the title of having the largest percentage of shares. On the other hand, Vanguard Group has already purchased 82.4 million shares.

Why do you think Elon Musk is making such claims? Is there an ulterior motive? Tell us what you think in the comments below.