Elon Musk, head of US technology company Tesla, has said he is “not convinced” that his bid to buy the social networking site Twitter will succeed. Elon Musk made the remarks just hours after he revealed that he had offered $ 54.20 per share to buy Twitter, meaning he had valued the company at $41 billion.

Elon Musk offers $41 Billion to buy twitter
Elon Musk offers $41 Billion to buy twitter

Also on Thursday, Twitter’s chief executive told company employees that the company was reviewing the offer.

Allegedly, Parag Agarwal in a meeting with the staff said that there was no pressure on the company regarding this offer.

Speaking at the TED 2022 conference in Vancouver, Elon Musk said, “I’m not sure I’ll be able to get Twitter.”

He added that he had a “Plan B” in case his bid for Twitter was rejected, but did not elaborate.

Earlier, Tesla chief Elon Musk, while offering to buy Twitter, claimed to be the right man to “bring up” the “extraordinary potential” of social media platforms.

He also said that if his offer was not accepted, “I will reconsider my position as a shareholder.”

It should be noted that recently it has come to light that Elon Musk owns more than 9% shares of Twitter.

Elon Musk also said that if Twitter’s board of directors rejected his offer, “it would be completely unprovable not to put the offer on the shareholder’s vote.”

Elon Musk wrote in his tweet, “He owns the shares of company, not the board of directors.”

According to Forbes Magazine, Elon Musk is the richest man in the world, with a net worth of $ 219 billion.

According to details provided to the US financial regulator, Elon Musk has sent messages to the Twitter board, indicating that he has come up with the idea of ​​making Twitter a private company.

According to these details, Elon Musk has said that the price of his offer is very high and the shareholders will like it.

“It’s not a threat,” said Elon Musk. It’s just not a good investment without the changes that are needed. “

Twitter also offered Elon Musk to be part of its board, but on Sunday Twitter announced that Elon Musk had turned it down.

Twitter quoted Elon Musk’s offer as saying that its board would “carefully consider the proposal in order to determine a course of action that is in the best interests of the company and all stakeholders.”

‘So much wealth makes Elon Musk a dangerous enemy

Analysis: James Clayton, Correspondent for Technology

In addition to confirming Elon Musk’s bid to buy Twitter, Twitter has remained publicly silent on the matter.

But details of the “high-level” meeting have surfaced, where a number of questions have been raised with the company’s chief executive, Prague Agarwal.

These details say nothing more than suggest what the Twitter administration thinks of the offer.

Prague Agarwal has reportedly said he could not discuss details but the company is not being held hostage.

I have been told that the purpose of this meeting was to give more details to the company employees but one worker told me that they have become more confused after the meeting.

“We did not feel any explanation.”

The Twitter board will not only have to assess the significance of the offer, but will also have to assess the damage to the company if it is rejected. Apparently, Elon Musk has Plan B after his offer was rejected.

Twitter may be worth billions of dollars, but this is not the case with Elon Musk, who has a combined net worth of more than 200 billion, making him a dangerous enemy.

 

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