Recently, in the Tesla CEO Elon Musk After Elon Musk offered to buy Twitter for a new $46.5 billion sky-high price, the company faced increasing shareholder pressure to negotiate with Musk about the acquisition.
However, according to people familiar with the matter, the two sides have agreed to meet on Sunday (May 1) local time in the United States, which indicates that Twitter is increasingly likely to accept Musk's acquisition.
Why are Twitter shareholders so resistant to Musk's takeover? Mainly because Musk's style is still quite solipsistic, we can see from his tweets, so once Musk takes power of Twitter, Twitter may currently have to change from management to ordinary employees, and it is still relatively difficult to adapt to Musk's style, which is why Twitter has to resist Musk's acquisition.
While Twitter was expected to reject Musk's first takeover offer earlier this month, which did not say how he would pay the fees, Twitter evaluated musk's takeover offer after it disclosed last week that it had $46.5 billion in funding plans, and seemed more willing to accept it, but due to the current opposition from shareholders, there is no guarantee that the deal will eventually succeed.
It is worth mentioning that Musk's $46.5 billion financing includes more than $25.5 billion in debt financing from Morgan Stanley, Bank of America, Barclays and other financial institutions. The remaining $21 billion is provided by Musk himself.
Meanwhile, it was reported that Musk had allegedly met privately with several shareholders on Friday to pitch his takeover proposal. As for what will happen to this acquisition in the end? Let's wait and see.