Elon Musk Doesn't Seem Like His Offer To Twitter Was Rejected

Elon Musk is still making offers to twitter. (photo; doc. pixabay)

JAKARTA – Entrepreneur and billionaire Elon Musk tweeted a series of hyphens for the word missing followed by the word "is Night". This comes days after the South African-born conglomerate offered to buy Twitter Inc for $43 billion.

The offer from Musk, which has hinted at a possible hostile bid, has prompted the social media company to adopt a "poison pill" to protect itself.

_______ is the Night

— Elon Musk (@elonmusk) April 20, 2022

Musk, who is also the chief executive of electric car manufacturer Tesla Inc, on Saturday, April 16 tweeted "Love Me Tender", an Elvis Presley song, after Twitter opted for a plan to sell shares at a discount to prevent shareholders' attempts to raise more than 15 shares. %. Musk currently owns 9.1% of the shares, with only a few percent left to reach his goal.

The New York Post on Tuesday, April 19, reported that Musk is willing to invest between 10 billion and 15 billion US dollars (IDR 143.6 trillion to 215.5 trillion) of his personal money to make Twitter a private company.

The world conglomerate, Twitter's second-largest shareholder, also plans to launch a tender offer in about 10 days and has asked Morgan Stanley to provide a debt of 10 billion (IDR 43.6 trillion), to meet the funding it needs.

Musk may also be willing to mortgage his current Twitter stake if needed to increase his capital. It's a move that could possibly raise an additional few billion dollars to fulfill his ambition of buying Twitter completely.

Twitter declined to comment on the proposal. Tesla did not immediately respond to a request for comment from Reuters on Musk's proposal.

Over time a growing number of private equity firms have expressed interest in participating in deals for Twitter.

The interest came after Thoma Bravo, a technology-focused private equity firm, contacted the social media platform last week to explore a purchase that would challenge Musk's bid.

Apollo Global Management Inc is also considering ways to provide financing for any deal and is open to working with Musk or other bidders.

Many investors, analysts, and investment bankers expect Twitter's board to reject Musk's offer in the coming days, saying it is inadequate.

But Elon Musk doesn't seem to stop there. The richest conglomerate in the world does not like to accept the rejection of his wishes.

He even made a tweet stating if there were parties on Twitter who actually wanted to accept his offer even though some rejected it. He also wanted to make a balance there.

"Social media platform policy is good if the extreme 10% on the left and right are equally displeased," Elon Musk tweeted.