The discussion of the world's richest man and Tesla CEO Elon Musk buying Twitter has once again gained momentum. A recent report says that the board of microblogging site Twitter is reconsidering Musk's proposal. This report has come after Musk's statement in which he has said that he has enough funding for this deal.
Twitter looking for good offers
According to the report, talks were also held between the two sides on Sunday and a major decision can likely be taken on this soon. It has also been said in the report that the Twitter board is looking for better offers after discussing with Elon Musk. Even before this, when Elon Musk wrote a letter to the board and gave his offer to buy Twitter, it was said to be considered by Twitter. Let us tell you that recently the Twitter board rejected Elon Musk's proposal, adopting the Poison Pill Plan. Even after this, Musk made several tweets about this deal and now this report has raised the possibility that talks between the two sides are expected more than before. Last Thursday, the Tesla CEO said that he had raised $ 46.5 billion for this deal.
Musk has given this big offer
Significantly, on Thursday, Elon Musk offered to buy 100 percent of Twitter for $ 43 billion (over Rs 3.2 lakh crore). According to the new report, Twitter seems to be preparing to make this deal with Musk. However, the report also said that this does not mean that Twitter will accept Musk's $ 54.20 per share deal. For this, the company will look for even better offers after negotiating with Musk.
Ready to pay this share price
For this deal, Elon Musk is ready to pay $ 54.20 for each share in cash. Earlier, Musk had bought a 9.2 percent stake in the company. After this, the company as the largest shareholder had offered to include Musk on the board, but Musk turned it down. After this, he immediately offered to buy Twitter completely and also wrote a letter to the board about this.
Musk said a big thing in the letter
In the letter written by Elon Musk to the company board to buy Twitter, he said that Twitter has unlimited potential for the Right to Speech, but in the current situation, the company is not able to make full use of its potential. Twitter needs to be turned into a private company and I want to unlock it. Speaking at the TED conference in Vancouver, he also mentioned his plans after the deal is completed. Under this, if the deal is completed, then big changes can be seen on Twitter.
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