Elon Musk’s Twitter account can be seen on a smartphone in front of the Twitter logo in this photo taken on April 15, 2022. REUTERS / Dado Ruvic / Illustration / File Photo
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April 18 (Reuters) – Elon Musk tweets “Love Me Tender”, a song by Elvis Presley, a day after Twitter Inc (TWTR.N) adopted a “poison pill” to protect itself from the billionaire’s offer of $ 43 billion in cash to purchase social networks. media company.
After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile offer in which he would bypass Twitter and send the offer directly to his shareholders, tweeting: “It would be completely vulnerable not to put this offer to shareholders’ vote.” . Read more
In another weekend tweet, Musk, a self-proclaimed “freedom of speech absolutist” who criticized Twitter and its policies, responded to his 2017 post, where he asked “How much does it cost (Twitter)?” With a downward smile.
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Musk, who is also the CEO of electric vehicle maker Tesla Inc (TSLA.O), has a 9.1% stake in Twitter and is the company’s second-largest shareholder in social media.
Shares of Twitter rose 2.1% to $ 46.03 in pre-market trading on Monday, still well below Musk’s offer of $ 54.20 per share. Shares of the company have risen by about 15% since Musk revealed his stake on April 4.
Thoma Bravo, a technology-focused private investment company with more than $ 103 billion in asset management at the end of December, told Twitter it was exploring a bid, people familiar with the matter told Reuters on Friday. .
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Report by Akriti Sharma and Xavi Mehta in Bengaluru; Edited by Shunak Dasgupta
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