Twitter board in a bind as Elon Musk makes his move

Twitter board in a bind as Elon Musk makes his move

2 years ago
Anonymous $xqL1ZTchGQ

https://arstechnica.com/tech-policy/2022/04/twitter-board-in-a-bind-as-elon-musk-makes-his-move/

If Twitter’s board initially thought Elon Musk’s offer to buy the social media company for $43 billion was just a stunt, it has now found itself on the defensive on multiple fronts.

After the world’s richest man revealed on Thursday how he plans to fund his takeover bid, Twitter’s directors are under pressure to come to the negotiating table with him or find alternatives, such as a “white knight” bidder to come to their rescue, as the company nears a make-or-break moment.

Twitter board in a bind as Elon Musk makes his move

Apr 22, 2022, 3:40pm UTC
https://arstechnica.com/tech-policy/2022/04/twitter-board-in-a-bind-as-elon-musk-makes-his-move/ > If Twitter’s board initially thought Elon Musk’s offer to buy the social media company for $43 billion was just a stunt, it has now found itself on the defensive on multiple fronts. > After the world’s richest man revealed on Thursday how he plans to fund his takeover bid, Twitter’s directors are under pressure to come to the negotiating table with him or find alternatives, such as a “white knight” bidder to come to their rescue, as the company nears a make-or-break moment.