Elon Musk, the billionaire entrepreneur who attempted to buy Twitter Inc (TWTR.N) for $43 billion, tweeted a series of dashes for a missing word followed by the phrase “is the Night.”<\/p>\n\n\n\n
Musk’s offer, which has hinted at a hostile acquisition, has prompted the social media company to create a “poison pill” strategy to protect itself.<\/p>\n\n\n\n
Musk, the CEO of Tesla Inc (TSLA.O), tweeted “Love Me Tender,” an Elvis Presley song, on Monday after Twitter opted to sell shares at a discount to prevent owners from collecting a holding of more than 15%. Musk now owns 9.1% of the firm.<\/p>\n\n\n\n
According to two people familiar with the situation, Musk is willing to put up $10 billion to $15 billion of his own money to take Twitter private, according to the New York Post.<\/p>\n\n\n\n
According to the report, the billionaire, who is Twitter’s second-largest shareholder, intends to make a tender offer in 10 days and has engaged Morgan Stanley to raise an additional $10 billion in debt.<\/p>\n\n\n\n
According to the New York Post, Musk may also be ready to borrow against his current ownership if required, which might result in a multibillion-dollar windfall.<\/p>\n","protected":false},"excerpt":{"rendered":"
Elon Musk, the billionaire entrepreneur who attempted to buy Twitter Inc (TWTR.N) for $43 billion,<\/p>\n","protected":false},"author":10,"featured_media":14928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[8],"tags":[126],"class_list":["post-14927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","tag-elon-musk"],"yoast_head":"\n