Elon Musk, the billionaire entrepreneur who tried to acquire Twitter Inc (TWTR.N) for $43 billion, tweeted a series of dashes for a missing word followed by “is the Night.”
The offer from Musk, who has hinted at a hostile takeover, has spurred the social media business to implement a “poison pill” strategy to safeguard itself.
Musk, who is also the CEO of electric-vehicle maker Tesla Inc (TSLA.O), tweeted “Love Me Tender,” an Elvis Presley song, on Monday after Twitter decided to sell shares at a discount to prevent shareholders from accumulating a stake of more than 15%. Musk presently owns 9.1% of the company.
According to two persons familiar with the subject, Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter private, according to the New York Post.
According to the story, the billionaire, who is Twitter’s second-largest shareholder, plans to launch a tender offer in approximately 10 days and has hired Morgan Stanley to raise another $10 billion in debt.
According to the New York Post, Musk may also be willing to borrow against his present ownership if necessary, a move that might raise several billion dollars.
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