Elon Musk voted today about his desire to buy Twitter. This vote came on the heels of the news that the Twitter Board was not interested in Elon Musk’s proposal. It was even learned that the Board of Directors found the businessman’s attitude hostile and tried to prevent the takeover.
Twitter has not yet made a statement about Elon Musk’s purchase request. However, the company is expected to address the issue by holding a meeting today. Let’s take a look at the details of the news together.
Elon Musk said he has a plan B!
After rumors surfaced that the Twitter Board of Directors did not favor the acquisition offer, Elon Musk conducted a survey. In this Twitter poll, the businessman asked whether the acquisition concerns the Board of Directors or the shareholders. In the survey, in which 719,228 people participated in an hour, the shareholders took the lead with 84% of the votes.
Twitter Board of Directors to prevent Elon Musk from buying the platform It is said that he will implement a poison pill strategy. The poison pill strategy means that when an investor buys shares above a certain limit, they flood the market with shares. Many stocks flooding the market make it difficult for a person to buy. In addition, the individual shares are also costly for the buyer.
TED talk today, Elon Musk stated that if Twitter does not accept the offer, there is a plan B. Although the Tesla CEO does not reveal what his plan is, it is estimated that he will threaten the company to sell the shares he bought.
What do you, our readers, think about this issue? Which side do you think will win this competition? You can express your thoughts in the comments section or on the SDN Forum.
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