Elon Musk, the world’s richest person, is in a discussion about one of his polls. In this poll posted on Twitter, he has sought opinions about buying Twitter shares. Musk has asked shareholders that his best and final offer should be to buy 100% of Twitter’s shares. Musk has priced a share of Twitter at $ 54.20 per share.
Corporate Raider-Style Strategy
Adopting a corporate raider-style strategy, Elon Musk has put an offer to buy Twitter on Twitter, asking shareholders for their opinion. Let us tell you that a corporate raider is an investor who buys a large number of shares of a company, which gives him enough voting rights, with the help of which he can make changes in the management of the company.
Twitter costs so much
Elon Musk says that whether Twitter’s $ 54.20 price per share is right or not, should be decided by the shareholders, not the company’s board. Musk has given the option of ‘yes’ and ‘no’ in his opinion poll. Musk has cost Twitter $41.39 billion. In the past, he had declined to join Twitter’s board of directors.
Plan-B has also been kept ready
Tesla Chief Elon Musk said that if the board of social media giant Twitter turns down his offer, then he also has a Plan B. At the same time, the company has said that it will talk to all its employees before taking any decision on Elon Musk’s offer. The company has called an emergency meeting for this.
Now have more than 9% shares
Twitter has said in a statement that the company’s board of directors will carefully consider the proposal, only after that, the further strategy will be decided. Significantly, Musk currently has more than nine percent shares of Twitter, and now he wants to buy the entire company. Now the thing to be seen will be that if the company turns down their offer, then what will be their next step.
Related Post – Why Cyber Security is Important for Your Online Business