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On the way to the deal? Advances in the acquisition of Twitter by Elon Musk Israel today

2022-04-25T12:28:25.205Z


Dramatic report: The management of the social network has changed its position - and is interested in meeting the richest man in the world


A reversal on Twitter:

After trying to prevent Elon Musk from taking over, it seems that the Twitter management has begun to seriously discuss his offer to buy the social network.

According to reports in the Wall Street Journal, the company's board of directors convened last night (Sunday) for a serious discussion of Musk's takeover bid, and it is possible that a meeting was even held between the parties.

The Wall Street Journal asked for comments on the news from all sides, but was refused.

However, newspaper reporter Cara Lombardo wrote that "Twitter is re-examining the offer and is more likely than ever to ask to negotiate with Elon Musk, including a meeting."

The reporter added that "the situation is fluid and there are rapid changes in relation to the position of Twitter management."

An official response to the offer is expected to be announced on Thursday, so the company will also post its earnings in the last quarter - which will affect the value of the shares for better or worse, and provide a real economic basis for negotiations.

High bid from the stock

The change in the company's position, which initially tried to fight Musk's takeover bid, was mainly due to Elon Musk's current offer to buy the company's shares for an improved $ 46.5 billion.

This is an offer according to which the company's share, which is currently worth $ 49, will be purchased by Musk at a value of $ 54.20 per share.

Either way, the company's board of directors will deal with, among other things, the value of Twitter as it understands it, in order to reach the company's valued value ahead of the accelerated negotiations with Musk. Beyond that, the company's management will look for another buyer to improve its position in discussions.

Meanwhile, Twitter last night posted a very cautious response to all the reports, stating that "as previously reported, the board continues to conduct a careful, comprehensive and deliberate review to determine the course of action for the benefit of the company and all Twitter shareholders."

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Source: israelhayom

All news articles on 2022-04-25

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