Various Photography / iStock Editorial via Getty Images Elon Musk appeared to be hinting at a possible offer for Twitter (NYSE: TWTR) in a tweet on Saturday. Musk tweeted “Love Me Tender” in a cryptic tweet on Saturday that is not only a famous song by Elvis Presley, but may also refer to a possible direct offer to shareholders he could make for the social networking platform. offered to buy for $ 43 billion on Thursday. Musk’s tweet comes after Twittter (NYSE: TWTR) announced Friday that it has adopted a shareholder rights bill – a “poison pill” designed to prevent the company from gaining control in the wake of Musk’s surprise move. to take control of the company. The board unanimously adopted a poison pill that can be exercised if an entity acquires 15% or more of the common stock of Twitter in a transaction that has not been approved by the board. While Twitter (TWTR) told officials at every meeting on Thursday that it was evaluating Musk’s $ 54.20 share offer, according to a Verge report, The Information also reported that Twitter’s board considered Musk’s offer to be undesirable. , suggesting that he would probably reject it. It is possible that Musk may see an offer, where the buyer goes directly to the shareholders asking to offer their shares at a certain price, as a possible way to avoid a possible board rejection or as a way to bypass a poison pill. Musk told a TED conference on Thursday that he had “sufficient” assets to buy Twitter and that he could “technically” buy the social networking platform. Musk added that he has an alternative plan if his offer is rejected by Twitter (TWTR), although he declined to give further details. On Saturday, there were media reports that Musk was said to be talking to investors who would work with him on a Twitter bid. A new plan involving partners could be announced within days, according to a NYPost report. Together with Musk, private equity firm Thoma Bravo is reportedly considering a competitive bid for Twitter (TWTR).
