shares in this article
(missing letter in the first sentence added: das)
SAN FRANCISCO (dpa-AFX) – Tech billionaire Elon Musk himself has doubts that his attempt at a hostile takeover of Twitter will be successful. “I’m not sure I’ll actually be able to buy it,” the head of electric car maker Tesla admitted at a conference appearance on Thursday. However, the 50-year-old emphasized that he had the necessary funds to pull off the deal worth more than 40 billion dollars.
Musk announced Thursday an offer to all Twitter shareholders to sell their shares to him for $54.20. Investors made it clear that they did not give the offer a particularly high chance of success: Twitter shares fell by around 1.5 percent in US trading to $45.18. Musk has already bought a 9.2 percent stake in Twitter in recent weeks.
The information website, which specializes in technology reporting, reported that Twitter’s board of directors wanted to defend itself against Musk’s takeover attempt. Officially, Twitter initially only announced that the initiative was being examined and that action would be taken in the interests of the company and all shareholders.
At his appearance at the TED conference on Thursday, the Tesla boss assured him that the attempted purchase was not about making money, but about establishing a platform for freedom of speech with Twitter. He believed that all views should be allowed within the law.
Twitter and other online networks – also under pressure from politicians – gave themselves rules that go beyond the legal requirements when dealing with controversial content. In the corona pandemic, for example, they took action against the spread of false and dubious information about the virus and vaccines to protect users./so/DP/he
Leverage must be between 2 and 20
No data