Elon Musk Tweets Cryptic Phrase Days After Twitter Buy Offer

[Pelican Press 0]

Elon Musk Tweets Cryptic Phrase Days After

This is the hidden content, please

• Sign In
• or
• Sign Up

Buy Offer

Billionaire entrepreneur Elon Musk tweeted a series of dashes for a missing word followed by “is the Night”, days after he offered to buy

This is the hidden content, please

• Sign In
• or
• Sign Up

Inc for $43 billion (roughly Rs. 3,28,534 crore).

The offer from Musk, who has hinted at the possibility of a hostile bid, has prompted the social media company to adopt a “poison pill” to protect itself.

Musk, who is also the chief executive of electric-vehicle maker Tesla, on Monday tweeted “Love Me Tender”, an Elvis Presley song, after

This is the hidden content, please

• Sign In
• or
• Sign Up

opted for a plan to sell shares at a discount to prevent any attempt by shareholders to amass a stake of more than 15 percent. Musk currently has a 9.1 percent stake.

The New York Post on Tuesday reported Musk was willing to invest between $10 billion (roughly Rs. 76,435 crore) and $15 billion (roughly Rs. 1,14,664 crore) of his own money to take

This is the hidden content, please

• Sign In
• or
• Sign Up

private, citing two sources familiar with the matter.

The billionaire, who is

This is the hidden content, please

• Sign In
• or
• Sign Up

’s second-biggest shareholder, is planning to launch a tender offer in about 10 days and has tapped Morgan Stanley to raise another $10 billion (roughly Rs. 76,435 crore) in debt, according to the report.

Musk may also be willing to borrow against his current stake if necessary, a move that could possibly raise several billion additional dollars, according to the New York Post report.

This is the hidden content, please

• Sign In
• or
• Sign Up

declined to comment. Tesla did not immediately respond to a Reuters request for comment from Musk.

More private-equity firms have expressed interest in participating in a deal for

This is the hidden content, please

• Sign In
• or
• Sign Up

, people familiar with the matter told Reuters on Monday without naming the firm.

The interest emerged after Thoma Bravo, a technology-focused private-equity firm, contacted the social media platform last week to explore a buyout that would challenge Musk’s offer.

Apollo Global Management Inc is considering ways it can provide financing to any deal and is open to working with Musk or any other bidder, the sources told Reuters.

Many investors, analysts and investment bankers expect

This is the hidden content, please

• Sign In
• or
• Sign Up

’s board to ******* Musk’s offer in the coming days, saying it is inadequate.

© Thomson Reuters 2022

---

Affiliate links may be automatically generated – see our ethics statement for details.

This is the hidden content, please

• Sign In
• or
• Sign Up

elon musk

This is the hidden content, please

• Sign In
• or
• Sign Up

takeover cryptic hint tweet tender offer elon musk,

This is the hidden content, please

• Sign In
• or
• Sign Up

,tesla
#Elon #Musk #Tweets #Cryptic #Phrase #Days #

This is the hidden content, please

• Sign In
• or
• Sign Up

#Buy #Offer

This is the hidden content, please

• Sign In
• or
• Sign Up