Whether you like him or not, you see him all the time – on the news. The media love him not only because he is one of the richest man on our planet, but he’s also very entertaining. He frequently expresses outrageous ideas in public, such as getting us earthlings to immigrate to Mars, and gets away with it.
Now he’s at it again: Musk grabs the headlines this week by offering $43 billion to take over and privatize Twitter. He says his motive for the bid is to protect freedom of speech, but I think he’s also a shrewd businessman. Although the $43B offer is around 40% above Twitter’s recent market value, yet just about a year ago, the hugely popular social media platform was worth more than $62B.
Musk‘s takeover plans will probably fail, since Twitter’s board of directors are unanimous in opposing the buyout and if necessary, they will dilute his shares via a mechanism called the ‘poison pill’. Nevertheless, Musk’s latest endeavour has once again caught the world’s attention.
News-plus.ca 