18. April 2022
Tesla boss Elon Musk responded with a broadside to the Twitter board, which is resisting a planned takeover of the short message service by Musk. “The (Twitter) executive’s salary will be $0 if my bid is successful,” Musk tweeted Monday. “So that’s $3 million a year we’re saving here.” Musk responded with the tweet to a post by another user who had criticized the Twitter board.
Musk already owns around nine percent of Twitter and wants to take over the company for around $43 billion. The Twitter board is not enthusiastic regarding this and has reacted with a “poison pill”: Twitter announced on Friday the launch of a frequently used procedure that is intended to make it difficult for large investors to increase their stake.
According to an insider, the investment company Thoma Bravo, which focuses on the tech industry, has also informed Twitter that it is also examining an offer for Twitter. However, it is unclear how high this might be and whether it will come at all, said the person familiar with the process. Thoma Bravo did not want to comment on this.
Twitter shares rose 3.5 percent on Monday to $46.68. That’s well below the $54.20 Musk is offering per share.
