On April 14, there were media reports that Musk proposed to buy 100% of Twitter's shares for $54.20 per share in cash, and had hired Morgan Stanley as financial advisor.
After refusing to join Twitter's board of directors, Musk's careful thinking into the main Twitter has long been known, but he did not expect to act so quickly.
Musk said Twitter needs to transform into a private company and has realized that in its current form, Twitter will not be able to grow well and meet the needs of society. If the $54.20 quote is not accepted, it will reconsider its position as a shareholder.
In fact, Musk has long had many dissatisfaction with Twitter.
In late March this year, Musk sent several tweets in a row, and the spearhead was directed at Twitter. For example, after launching a vote on "whether Twitter has achieved freedom of speech" and more than 70% of people chose "NO", Musk asked netizens whether they needed a new (social) platform.
Some netizens replied to Musk, why don't you buy Twitter? But some analysts pointed out that Musk is considering creating a completely new social platform.
Neither of these methods is difficult for Musk, after all, his value has far surpassed that of his former richest man, Bezos, reaching $219 billion (about 1.39 trillion yuan).
A few days later, a SEC announcement announced Musk's decision, which has bought 73.48 million shares of Twitter and held 9.2% of the shares, becoming the largest shareholder.
For this special shareholder, The Twitter board also gave a response: inviting Musk to the board. According to media reports, Twitter intends to agree that Musk's shareholding ratio during the term of the board of directors will not exceed 14.9% of Twitter' shares, which is obviously a "power game" to prevent Musk from fully controlling the platform.
And one of Musk's biggest grievances about Twitter is the restrictions on freedom of speech, if Musk becomes a director, then the tweet will need to take into account the overall situation of the company and stakeholders, and have to make "sacrifices".
Musk refused, however, which was seen as a precursor to further action against Twitter. In addition, Twitter even bluntly stated that even if Musk gets a board seat, he will not be given special treatment on the platform. That said, it is still possible to silence them.
"Buy it if you can't get used to it!" So it's no surprise that the cash-rich Musk will buy Twitter in cash.
In fact, such an operation Musk is not unfamiliar. In the early days of Tesla's founding, Musk entered the shares as an investor, held the position of chief executive, not the founder, and then continued to pursue the investment and grasped enough voting rights, Musk drove away the two co-founders and became the CEO and the actual controller. Therefore, the possibility that Musk will have full control over Twitter later is not ruled out.
Affected by Musk's big move, Twitter's US stocks rose nearly 15% before the market, after the news of Musk becoming the largest shareholder was announced, Twitter rose nearly 30%.
Is this plot a bit familiar?
In the cryptocurrency field, Musk often uses such news to "manipulate" the market, such as announcing that Tesla accepts bitcoin payments, changing his avatar to a picture symbolizing Dogecoin, etc., easily allowing cryptocurrencies to experience multiple surges, and Tesla once earned more than $1 billion in book profits.
Now after the news of the acquisition of Twitter, Twitter's stock price has risen like bitcoin in the past, and Musk as a shareholder will undoubtedly get huge gains.
Regardless of whether the acquisition can be successfully completed in the end, Musk's wave of operations is likely to be "blood money".
Produced by ZAKER News
Text / Bao Xingwa
Editor / Zeng Xiantian