April 1, 2023

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“Love Me Tender ” Elon Musk tweets days after Twitter Inc takeover bid

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Billionaire entrepreneur Elon Musk posted a tweet on Saturday reading “Love Me Tender,” days after he targeted Twitter Inc with a $43 billion takeover bid.

Following Musk’s TED Talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board of directors and make the bid directly to his shareholders, tweeting, “It would be absolutely unjustifiable not to make this bid.” to undergo a shareholder vote.” .

Over the weekend, Musk, already the San Francisco-based company’s second-largest shareholder after acquiring a 9.1% stake in the social media company, tweeted that “the economic interests of the Twitter executive simply do not align with the shareholders.” .

Twitter launched a “poison pill” on Friday to limit Musk’s ability to increase his stake in the company.

Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management at the end of December, told Twitter it was exploring the possibility of putting together an offer, people familiar with the matter said on Friday to Reuters.

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