Tesla CEO Elon Musk said in commenting on the acquisition deal for Twitter that he himself is not sure whether it will be successful, but if Twitter rejects the proposal, he still has Plan B, but did not disclose the details of Plan B.
Just a few days ago, Musk officially announced the acquisition of Twitter, and he offered to buy Twitter for $54.20 per share in cash. The price is a 54 percent premium to Twitter's closing price on Jan. 28, and the acquisition will be worth more than $43 billion, or about 274 billion yuan. Affected by this news, Twitter shares surged 15% before market hours in U.S. stocks. Twitter said it confirmed receipt of a non-binding takeover proposal from Elon Musk and that the board will carefully review the proposal.
According to relevant data, Musk is currently worth about $260 billion, while Twitter's market value is about $37 billion, and it is not difficult for Musk to fully acquire Twitter.