The world’s richest man has the funds to buy Twitter. But if he can’t clinch a deal for some reason, he told a TED Talk Thursday, he’ll bring along as many shareholders as he can to reform the social media giant that’s become America’s “public square.”“I could technically afford it.
But this [deal] is not a way to make money. Having a public platform that is trusted and broadly inclusive is extremely important to the future of civilization.
I don’t care about the economics at all.”“I am not sure I will actually be able to acquire it,” he added during a Q&A, without elaborating.
Twitter’s board is said to be mulling a poison pill, or shareholder rights plan, a defensive measure that makes hostile takeovers more difficult.Twitter stock closed down 1.54% at $48.18 – well below Musk’s offer to take the company out at $54 per share, which shows a degree of investor skepticism about an eventual transaction.
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