According to a story published by The Wall Street Journal on Monday, entrepreneur Elon Musk might sign a contract with social media behemoth Twitter as soon as this week.
Musk sparked outrage earlier this month when he announced his plan to buy Twitter for $43 billion. He had already purchased more than a 9% interest in the prominent social media network.
According to initial reports, Twitter’s board of directors had declined the offer. In order to avoid the takeover, the corporation also used the so-called “poison pill,” lowering the value of the stock.
Elon Musk, a Dogecoin supporter, is rumored to be interested in purchasing Twitter this week.
According to a story published Monday by The Wall Street Journal, entrepreneur Elon Musk is on pace to sign a contract with social media behemoth Twitter as soon as this week.
After declaring his plan to buy Twitter for $43 billion earlier this month, Musk sparked outrage. He had already purchased a stake in the influential social media site worth more than 9%.
According to initial reports, the offer had been rejected by Twitter’s board of directors. In order to avoid the takeover, the corporation also used the so-called “poison pill,” lowering the stock’s value.
Related Posts – Elon Musk, a Dogecoin supporter, has decided not to join the Twitter board of directors
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.