Share with friends and circles of friends with wechat scanning QR code < / P > < p > on April 15, US local time on Thursday, Tesla and SpaceX CEO Elon Musk made a takeover offer for twitter and proposed to buy the social media company for $43 billion. However, just a few hours later, musk admitted that he was "not sure" whether he could really buy twitter, but he had "plan B" < p > "best and last" offer < / P > < p > according to the regulatory declaration documents exposed on Thursday, musk proposed to buy twitter for $54.2 per share, with a valuation equivalent to $43 billion. Twitter has confirmed that it has received Musk's offer, but the board still needs to review the offer. The offer valued twitter shares well below last summer's $70 offer. But musk has said it would be his "best and last" offer < p > earlier this month, the world's richest man paid nearly $3 billion for a 9.2% stake in twitter, making him the largest shareholder of twitter. In the next 10 days, twitter announced that musk would join the board of directors, but he changed his mind on the day of the beginning of his term of office and refused to join < p > musk said on Thursday that if his offer was not accepted, he "would need to reconsider my position as a shareholder." Twitter also issued a statement saying: "the twitter board of directors will carefully review this invitation to determine the action plan it believes is most in the interests of the company and all twitter shareholders." < p > Dan ives, an analyst at Wade Bush securities, said Musk's offer was unprecedented. "This has never happened in the history of the open market," he said < p > but at ted2022 in Vancouver on Thursday, musk said he was "not sure" whether he could really buy twitter. However, when asked whether there was a "plan B" when the current acquisition offer was rejected, musk gave a positive answer, but he declined to give more details < p > Twitter's share price has risen 17% since Musk's 9% stake was first disclosed on April 4. However, as different reports about Musk's participation in the company surfaced, the stock price fluctuated

musk is no longer the largest shareholder

although musk is trying to acquire twitter, he is no longer the largest shareholder of the company. The fund held by Vanguard Group recently increased its stake in twitter, making the asset management company replace musk as the largest shareholder of the platform < p > in the latest public document submitted to the SEC on April 8, pioneer group disclosed that it now holds 82.4 million shares of twitter, accounting for 10.3% of the company. According to FactSet, as of the end of December last year, pioneer group held 67.2 million twitter shares, accounting for about 8.4% of the company's shares < p > the company increased its stake in twitter sometime in the first quarter. According to the closing price of the stock on Wednesday, the shares held by pioneer group are currently worth $3.78 billion. Earlier this month, musk initially disclosed that he held nearly 73.5 million shares in twitter, accounting for 9.2% < p > pioneer group did not make targeted bets on twitter. Instead, most of its assets are invested in index funds and other so-called passive funds. The company often sided with management on voting issues and did not advocate major reforms like hedge funds or activist investors Jack Dorsey is the top ten shareholder of the company, and the other two are the top ten shareholders of the company < p > why does musk have to buy twitter < p > in his filing with the SEC, musk said "I have no confidence in management" and told twitter chairman BRET Taylor that he would reform the company. "Twitter has great potential and I'll help unlock it," Musk said < p > musk has always been outspoken in criticizing twitter, saying that the platform stifles freedom of speech. After deciding not to join the board, he praised a tweet that read: "Musk was told to be friendly and not to speak freely." < p > Ives said: "musk is passionate about this social media platform and ensuring freedom of speech. But for him, the platform has many problems. He decided to take over the baton and try to change that." < p > Musk's recent tweets show that he will use his power over twitter to oppose content censorship policies and efforts to drive away users who violate twitter guidelines on the platform < p > musk also put forward his vision for twitter, of course, if he succeeds in gaining control. "I think it's very important to have an inclusive stage for freedom of speech," he said, comparing twitter to "a de facto city square" < p > musk acknowledged that it is necessary to review the content to some extent, such as explicitly prohibiting the use of violence, and said that the service must comply with the laws of the country in which it operates. But he hopes to see the platform's policies and algorithms more open and accepted, so that people can criticize and worry about it < p > musk also said that if a tweet is modified in some way, it should be accompanied by information explaining the reason. When twitter deletes or marks posts that violate its guidelines, it needs to attach relevant policy links. Another top priority, he said, is to eliminate the "spam and fraud robots" on the platform < p > in the past few days, musk has also publicly called for several reforms to the platform, including adding "Edit buttons" and allowing users who subscribe to twitter blue to pay with dog coins

response of twitter board of directors

experts have different opinions on how twitter management should respond to Musk's acquisition offer. The purchase price of $54.2 per share is much higher than the cost of Musk's previous purchase of the company's shares ($39.91) < p > Jim Cramer, a well-known analyst at CNBC, said that the twitter board had "no choice but to reject" the proposal and tried to explain it to the company's shareholders < p > in addition, don Bilson, an analyst at Gordon hascott research consulting, also said that the twitter board is unlikely to accept the proposal. Musk was "just bragging," he said. If the Board decides to sell the company for $54.2, it could be blamed because the company's shares traded for $70 last summer < p > meanwhile, Ives of Wade bush ?
2023-03-22 10:04:52