MILANO – Waiting for the board of Twitter will officially pronounce on the maxi offer made yesterday by Elon Musk, even if according to press rumors the proposal would not have been positively evaluated, Tesla’s number one asked directly the community of users of the social network to express themselves. “Privatizing Twitter at $ 54.20 a share should be a shareholder decision, not a board decision. Yes or no?” A question on which 2 million people have already expressed their preference, with a large advantage for yeses.
Close to the presentation of the offer, a long-distance confrontation was staged, again on Twitter, between Musk and the Saudi prince Alwaleed bin Talal, shareholder of Twitter. “I don’t think the figure offered by Elon Musk comes close to the intrinsic value of Twitter, given its growth prospects. As one of the largest and longest-running shareholders, Kingdom Holding Company (KHC) and I reject this offer, “he tweeted. “Interesting. I have two questions, if I may. How many Twitter shares does Kingdom Holding have? What does Kingdom think of journalistic free speech?” Musk replied.
Speaking to his employees, Twitter CEO Parag Agrawal said the board is considering Elon Musk’s offer but “we are not being held hostage.” According to; Wall Street Journal, however, the board is thinking of fielding a so-called “poison pill”, literally a “poison pill”, that is, a defense tool adopted in the event of hostile takeovers, with options reserved for shareholders, or options reserved for shareholders existing to buy a certain amount of shares at a favorable price to prevent hostile takeover
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