Elon Musk vs Twitter, chapter 4856. So the relations between the billionaire and the company are getting a little worse every day, each has their own technique to twist the other. On the one hand, the richest man in the world is trying to lower the purchase price at all costs, citing the argument of the number of bots on the platform. On the other hand, Twitter somehow tries to maintain moderate discussions.
However, it seems that the firm is fed up with the evasion of its potential buyer. Indeed, yesterday this person arrested the American authorities to help him conduct his investigation on this famous fake account question. Whether it’s a joke or not has yet to be determined, but it’s clear that Twitter believes its word. Earlier this week, the company’s management, consisting of CEO Parag Agrawal and chairman of the board, Bret Taylor, sent a very specific letter to its investors.
Twitter wants to force Elon Musk’s hand
In this letter, Twitter “Decided that the merger agreement is desirable and that the merger and other transactions stipulated by the merger agreement are fair, desirable and in the best interests of Twitter and its shareholders.”. Therefore, the company is calling on all its investors to vote in favor of the takeover at the next general meeting. Thanks to their deals, Elon Musk will see his room for maneuver drastically reduced.
Because the billionaire is determined. Now if he tries to lower the buyback price at all costs, he won’t be able to back out as he sees fit – but it’s arguable that he won’t have too much trouble finding the billion dollars. assignment contract. Twitter knows it can’t find a better offer than the businessman. While a few weeks ago he wanted to strongly oppose his proposal, the firm is now trying to force its hand.
Source : DRY