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Musk has no chill, tweets 'Love Me Tender' days after Twitter takeover bid

Musk has no chill, tweets 'Love Me Tender' days after Twitter takeover bid

After Musk's TED talk, he hinted at the possibility of a hostile bid in which he would bypass Twitter's board and put the offer directly to its shareholders, tweeting: "It would be utterly indefensible not to put this offer to a shareholder vote".

Musk has no chill, tweets 'Love Me Tender' days after Twitter takeover bid (Photo: Reuters) Musk has no chill, tweets 'Love Me Tender' days after Twitter takeover bid (Photo: Reuters)

Elon Musk tweeted "Love Me Tender", an Elvis Presley song, a day after Twitter Inc adopted a "poison pill" to protect itself from the billionaire's $43 billion cash offer to buy the social media company.

After Musk's TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter's board and put the offer directly to its shareholders, tweeting: "It would be utterly indefensible not to put this offer to a shareholder vote". 

In another tweet over the weekend, Musk, a self-described "free speech absolutist" who has been critical of Twitter and its policies, replied to a post of his from 2017 where he had asked "How much is it (Twitter)?" with an upside down smiley.

Musk, who is also the CEO of electric-vehicle maker Tesla Inc, has amassed a 9.1% stake in Twitter and is the social media firm's second-biggest shareholder.

Shares of Twitter rose 2.1% to $46.03 in premarket trading on Monday, still significantly below Musk's offer of $54.20 per share. The company's shares have risen roughly 15% since Musk disclosed his stake on April 4.

Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, informed Twitter that it was exploring the possibility of putting together a bid, people familiar with the matter told Reuters on Friday.

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Published on: Apr 18, 2022, 6:21 PM IST
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