Elon Musk tweets ‘Love Me Tender’ as he hints about ‘hostile takeover’ of Twitter
Elon Musk tweets ‘Love Me Tender’ as he hints about ‘hostile takeover’ days after $43 billion Twitter takeover bid: Social media giant files ‘poison pill’ shareholder rights plan with SEC
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Elon Musk has tweeted ‘Love Me Tender’ as he hinted at the possibility of a hostile takeover of Twitter.
The billionaire posted the Elvis Presley lyrics at the weekend in a potential bid to lure shareholders with a tender offer that could see him seize control.
It comes as the social media giant filed its ‘poison pill’ plan with the Securities and Exchange Commission today in a bid to thwart the Tesla founder.
Meanwhile former CEO Jack Dorsey took aim at the firm’s board, slamming it for ‘plots and coups’ that were ‘consistently the dysfunction of the company’.
Elon Musk (pictured last week) has tweeted ‘Love Me Tender’ as he hinted at the possibility of a hostile takeover of Twitter
Musk’s tweet on Saturday afternoon was his latest hint he will bypass Twitter’s board and put his offer directly to shareholders.
On Thursday, following a TED talk appearance, he tweeted: ‘It would be utterly indefensible not to put this offer to a shareholder vote.’
He later added that the board’s ‘economic interests are simply not aligned with shareholders’.
