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Elon Musk and Thomas Bravo in talks for potential Twitter acquisition: report

Elon Musk and Thomas Bravo in talks for potential Twitter acquisition: report

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Tesla CEO Elon Musk and Chicago-based buyout agency Thoma Bravo are reportedly in talks a couple of potential partnership that would assist push the acquisition of Twitter. 

Musk caught headlines final week when he introduced a proposal to purchase Twitter for $54.20 per share, a 54% premium over the social media firm’s closing worth when he began shopping for shares and a 38% premium over the day earlier than his holdings have been disclosed. Twitter’s Board of Administrators has not rejected or accepted Musk’s supply, however they did undertake a “poison capsule” technique that might make it tougher and dear for the CEO to take over the corporate. 

Luckily, Musk appears to be gathering a variety of assist for his takeover bid. As per two sources reportedly acquainted with the matter, Thoma Bravo may very well be the important thing that permits the Tesla and SpaceX CEO to maneuver ahead with a binding supply for Twitter. Curiously sufficient, the sources knowledgeable the New York Publish that Thoma Bravo can be open to pursuing a Twitter buyout with Elon Musk solely. 

Whereas Musk presently stands because the world’s wealthiest particular person by web value, the CEO reportedly is seeking to keep away from overlaying your complete invoice for Twitter’s acquisition on his personal. That is comprehensible, particularly if buying Twitter would lead to Musk having to promote a few of his TSLA holdings. “What it might take Musk to lift the fairness — like promoting his Tesla shares — is one thing he in all probability doesn’t need to do,” the Publish‘s sources famous. 

Throughout an look at TED 2022, Musk acknowledged that he has a “Plan B” simply in case his preliminary Twitter acquisition plan proves unsuccessful. This “Plan B” appears to have been outlined in a current 13D submitting, which indicated that the CEO had obtained commitments for $46.5 billion to assist finance a possible Twitter buyout. It additionally revealed that Musk is exploring the thought of a young supply to buy some or all of Twitter inventory immediately from shareholders. 

As per the Publish‘s sources, Musk has reportedly not had any problem getting curiosity from potential buyers and backers for his Twitter acquisition try. A few of these buyers have reportedly participated in funding rounds for Musk’s different firms like SpaceX, which ought to make them fairly acquainted with the CEO’s bold however seemingly worthwhile plans. 

*Quotes courtesy of the New York Publish.

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Elon Musk and Thomas Bravo in talks for potential Twitter acquisition: report






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