Twitter resumed talks with billionaire Elon Musk on Sunday, April 24, to buy the firm outright. Recently, Musk has managed to impress Twitter (TWTR) shareholders with a $43 billion bid. Shareholders’ decision to accept Musk’s offer of $54.20 per share as the selling price results in a market-wide independent rally for Dogecoin.
Elon Musk gains the trust of Twitter shareholders
Elon Musk on Thursday announced a comprehensive financial strategy for the Twitter takeover. He believes Twitter needs to be made private for it to become a legitimate and trusted venue for free speech. Musk offered $54.20 per TWTR share, which is currently trading at $48.0. He also reached out to some of Twitter’s select shareholders in a series of video calls while focusing on actively managed funds…
Elon Musk’s Twitter battle
Elon Musk’s entirety Following the takeover proposal, social media giant Twitter chose to swallow a “poison pill.” The idea was to prevent Musk from buying more than 9% of the firm. Musk, on the other hand, published a tender offer while waiting for shareholder approval for this deal. However, some current Twitter shareholders complain that Musk’s proposed offer is below the company’s inherent value. But insiders claim that Musk could raise his bid in such a case. According to one of the fund managers who invested in Twitter:
I wouldn’t be surprised if Musk raises his best and last bid to $64.20 per share next week.
Elon Musk has previously proposed several tweaks to streamline his army of bots, including a paid subscription plan for Twitter Blue services. He also offered to use Dogecoin to pay for this membership…
Dogecoin declares independence
In the past 24 hour timeframe, the cryptocurrency market has been bearish. Bitcoin (BTC) tumbled 2.10%, Ethereum (ETH) 2.65% and XRP (XRP) 5.73%.
Meanwhile, Dogecoin (DOGE) is the only altcoin to stay in the green among the top 20. As we have covered in the news of Kriptokoin.com, the price is reacting upwards, as in the past weeks, as Elon Musk’s announcement of his intention to buy Twitter suggests the use of DOGE.
At the time of writing, Dogecoin is trading at $0.1385, up about 4%. Hourly display:
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