Twitter ends deal to sell company to Tesla boss Elon Musk
Tesla boss Elon Musk is close to becoming Twitter boss according to reports.
Elon Musk launched a hostile bid to buy all of the company weeks ago. In a letter addressed to the company’s chair, Elon Musk said he hopes his hostile bid will be accepted.
According to him the company could thrive more if its private, and that’s one thing he would like to achieve.
“As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. After the past several days of thinking thos over, I have decided I want to acquire the company and take it private” he said. Read more: Elon Musk offers to buy 100 percent of Twitter
Reports reaching News247gh.com desk says the richest man on earth is very close to becoming twitter owner. According to reports, twitter board has witnessed massive pressure from shareholders after first attempt to acquire the company failed.
He offered $43 billion to become the next Twitter owner, a move which has generated public conversation among Americans. Especially among Democrats and Republicans.
The Tesla boss said he has what it takes to change the current shape of one of the biggest social media platforms in the world.
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Reporter for NewsMax, Mike Carter said the billionaire revealed he has the backing of several big banks including bank of America. The Tesla boss said about 25 billion to revamp the company will come from these big banks.
Fortunes of the company jumped to 3% amid reports that twitter board could accept Elon Musk offer.
The richest man on earth has been tweeting hours after the news broke out. Many people are of the view his tweets could be a signal of a successful deal.
Just minutes ago, Elon Musk said he “hopes that” his “worst critics remain on Twitter, because that is what free speech means”
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