Elon Musk says he is “not sure” if he will be able to buy Twitter. The comments came after a regulatory filing, which revealed that Elon Musk offered to buy the company for $54.20 per share, or about $43 billion.
Musk has made a bid for Twitter, and the board has acknowledged receipt of this offer, but it is not yet clear if the offer will be accepted. However, if the deal is accepted, Musk had assured that this would his final offer.
Twitter CEO Parag Agrawal reportedly told employees that the company is evaluating the offer.
Given the possibility that his offer would be rejected by TED, Elon Musk said there “is” a back-up plan.
Elon Musk says he’s ‘not sure’ he’ll be able to buy Twitter after $43
Some analysts question whether Musk could provide the necessary funds to take over. If Tesla’s assets are not liquid and he were to sell them to fund the takeover, some analysts have argued that Musk would need to liquidate assets in order to buy out other shareholders.
Did you need the funding for Tesla secured? This is what people are trying to figure out in response to Elon Musk’s tweet about taking Tesla private.
Elon Musk talks about his plan to buy Twitter
A previously tweeted tweet, Musk said he had secured capital. He did not make the SEC happy because they were deceptive.
Tesla and Musk agreed in 2019 to a revised settlement with the SEC for his false and misleading statements about Tesla being able to take themselves private at $420 per share.
Elon Musk and Tesla each have to pay $20 million in fines, and Elon Musk has to step down as chairman of the company’s board for three years.
In June 2020, the SEC said Musk was in violation of some terms of the agreement that required the CEO to have tweets about Tesla preapproved if they contained material business information likely to affect the share price. Musk had tweeted that Tesla’s stock price was too high, which sent Tesla shares down.
The SEC is investigating Elon Musk because he tweeted something before he trades, which might be illegal to do.
Elon Musk laments not being able to buy Twitter.
Elon Musk: Twitter future
If Elon Musk takes over Twitter, he plans to use traffic signals to generate income.
“I think free speech should be there for everybody,” he said. Likening Twitter to a de facto town square, Dorsey emphasized the importance of having an inclusive space.
Mr. Zuckerberg stated that the company would need to comply with the laws of the countries in which it operates and remove any content that is illegal.
His critique is that the system should be more open to give people a chance to make comments or raise questions.
He felt that any content on twitter should have additional information about why it was altered or removed. Currently when Twitter removes or labels a post, they will link to the policies which are absent of this information.
Elon Musk says that he might not buy Twitter but instead just read it and learn about what’s happening there.
He said that one of Twitter’s top priorities is to get rid of spam and scam bots within the platform.
Elon Musk talks about his plans for Twitter
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