It’s a tug of war. Elon is pulling one way and the Twitter board the other. My money’s on Twitter, but only a fool would bet against Elon. The question is: what could Elon Musk do to get out of the Twitter deal of his own making? Let me explain…
Tug of War
On the 13th of September, Twitter shareholders will vote to support Elon Musk’s takeover of the business. In a note to shareholders over the weekend (inc me), the Twitter board “unanimously recommended” that shareholders “maximise the value” of their investment in Twitter and accept Musk’s offer of $54.20 a share.
Great…except that Musk doesn’t want to buy Twitter anymore.