On April 26, Elon Musk, ceo of Tesla, the world's richest man, reached a final agreement with Twitter's board of directors to acquire it for $54.2 per share, a deal valued at about $44 billion.
Musk's road to the acquisition of Twitter has been tossed and turned, first by the "anti-horse" actions of the major shareholders, and then by the Twitter board for the acquisition
Poison Pill Project", after a long period of two weeks, Musk's acquisition of social media giant Twitter was settled.
Interestingly, the turning point in the takeover drama came with a document submitted by Musk on April 21. Musk said that because Twitter's board of directors did not respond to his own acquisition request, he did not rule out the possibility of using a "tender offer" to make the acquisition. In the filing, Musk also responded to rumors that he didn't have the money to buy Twitter, saying that he had received more than $25 billion in debt financing/loan commitments from financial institutions, including Morgan Stanley, and that he would also contribute $21 billion himself.
It is reported that Musk announced in the acquisition statement that in the future, it will completely revise and rewrite the rules and regulations of this platform for speech management and the consequences of speech, hoping that Twitter can continue to provide a platform for people to express different opinions. In addition, Musk also said that he hopes to make Twitter's algorithm public to clarify the specific logic of content recommendation and blocking.
It is worth mentioning that after the announcement of the acquisition, Twitter's stock price rose slightly to nearly $52, closing at $51.70 on the day, an increase of 5.66%. (Article | Yu Yang, Caijing Tianxia Weekly)
