The board, under pressure, negotiated with the billionaire on Sunday and accepted his offer on Monday evening.
Elon Musk has succeeded. The board of directors of Twitter announced Monday evening that it had unanimously accepted the takeover offer filed barely two weeks ago by the boss of Tesla and SpaceX. Elon Musk did not deviate from his award, “definitive and the bestthat he can offer, of 54.20 dollars per share or a total value of 44 billion dollars settled in cash. The transaction should be completed during the year.
The chairman of the board said in a press release that “the board conducted a careful review of Elon’s offer keeping in view its financing and the value created. This transaction will provide a substantial cash premium, and we believe this is the best case scenario for the stakeholders.“.
“Freedom of expression is the cement of a functioning democracy, and Twitter is a digital agora where vital subjects for the future of humanity are debated.“added Elon Musk. “I also want to do Twitter…