Twitter’s acceptance of Elon Musk’s roughly $44 billion takeover bid brings the billionaire Tesla CEO one step closer to owning the social media platform
But the battleground shifted dramatically late last week when Musk disclosed he had lined up $46.5 billion — including $21 billion of his personal fortune — to pay for the purchase. Musk said other investors could contribute to the financing.
“I think there is nothing better for Twitter than Elon Musk buying it and ideally replacing the board, and also doubling down on investments into products and new revenue-generating sources," said John Meyer, a technology entrepreneur and investor. “Musk has the track record that he can do the impossible."
Elon Musk announced Thursday morning that he wants to buy Twitter. What would his purchase of the social media platform mean for our society? And what does it say about the growing power and influence of the billionaire class in our world?As is customary once a company agrees to be acquired, the buyer gets to take a closer look at its books to make sure there aren’t any red flags that haven’t come up via the company’s public filings.
The main issues the agencies generally focus on are how the sale of a company could affect competition in an industry, or whether it violates antitrust laws.
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