Elon Musk Acquires $44 Billion Bombshell Deal To Run Twitter
The tweet said yesterday that they were going to go ahead with the Tesla owner’s plan and sell the company for $44 million. The owner was very happy about it.
During the past few weeks, we’ve seen a lot of ups and downs as we saw Musk become the company’s largest shareholder. Then, Tesla CEO Elon Musk agreed to join the board of directors but then turned down the offer because he had bigger goals in mind.
As soon as we knew it, a hostile takeover was in the works, which led to the billionaire making a fortune.
Twitter has said that it will accept the offer to sell its company at $53.20 for each share, which is the same offer that was made by him 14 days ago.
Musk was pressured by other stakeholders to do better because they thought the offer was not good enough. The Tesla owner said that this was the best he could do and that it would also be his last offer.
It was one of the billionaire’s main goals when he bought the platform to make sure everyone could speak freely because he thought that was the foundation of democracy. In addition, he called the app a “fundamental digital world,” where so many important issues about everyday life and humanity, in general, were talked about.
But that wasn’t the only goal he had. He also wanted to make the platform better by adding new features, fighting spam, and making sure all humans were completely authentic. In the end, he said that the company had a lot of room to grow and offer a lot of benefits to its users.
Immediately after this, the app’s former CEO, Parag Agrawal, said that the app was a waste of time. He thanked his team for their hard work and talked about how the platform’s goal had a big impact on the world as a whole.
It wouldn’t be wrong to say that the richest person in the world is now ahead of the game in many ways. From being the CEO of the world’s best electric car company to running space stations, he now owns a platform that helped him become a web star.
With that said, it must be said that Twitter did not go easy on Elon Musk’s ideas. In the last week, we saw the company use the “poison pill,” which is meant to help corporations fight off people who want to take more control than they want.
That is why, it was clear that they were not going to give in so easily, which made the billionaire’s goal of taking over more difficult and less appealing than it would have been otherwise.
However, there was a lot of talk about whether or not billionaire Elon Musk had the money to pay for the huge deal, since most of his money is invested in his own businesses. This is why the deal was so big.
But last week, a bombshell report came out that explained how a recent filing revealed that the Tesla owner was able to get a whopping $46.5 billion to buy the company through loans or equity financing from a lot of different banks.
This did not end there, though. Many Twitter employees began to voice their own concerns about how a hostile takeover of the company would lead to a mass exodus.
Even more, people said that if the hostile takeover worked, it would be interesting to see Twitter run without any of its employees.
In the middle of their anger and shock, some people cried because they thought the time had come to move their posting power to a series of other platforms. But it’s better to give Elon Musk a chance before making big changes. It’s up to you.
For now, people want to change things, and Elon Musk’s much-anticipated Edit Button is the first of many great things to come. But to figure out how far Musk can go to keep his promises, we’d have to keep our eyes on the screen.