Elon Musk has Twitter’s embattled board and management team by the, well, you know what.
CEO Tesla, ຜູ້ທີ່ມີ ຮຸ້ນ 9.2% ໃນ Twitter, offered to buy the social media platform for $54.20 a share. Twitter confirmed in ການປ່ອຍຂ່າວ ວ່າມັນໄດ້ຮັບຂໍ້ສະເຫນີຂອງ Musk ແລະກ່າວວ່າຄະນະກໍາມະການບໍລິຫານ "ຈະທົບທວນຄືນການສະເຫນີຢ່າງລະມັດລະວັງເພື່ອກໍານົດວິທີການປະຕິບັດທີ່ມັນເຊື່ອວ່າເປັນຜົນປະໂຫຍດທີ່ດີທີ່ສຸດຂອງບໍລິສັດແລະຜູ້ຖືຫຸ້ນ Twitter ທັງຫມົດ."
The bottom line is Twitter’s board has three choices.
First, the board — led by new Salesforce co-CEO Bret Taylor — could either accept Musk’s very fair bid and drive certainty of value for shareholders after many long years of suffering and letdown.
Choice two, it could rebuff Musk and watch as he dumps his entire stake in the company. In turn, that would likely put material downward pressure on Twitter’s stock price given the public concerns Musk has expressed on Twitter’s business.
Choice three you ask? A set of steak knives.
“I believe for the board, Musk is their worst nightmare. They accept the bid or go around the globe looking for another one,” said Wedbush analyst Dan Ives on Yahoo Finance Live. “Musk is not going away.”
Twitter shares had surged 13% ໃນການຊື້ຂາຍກ່ອນຕະຫຼາດ. But the stock fell slightly in the early afternoon on fears Twitter would rebuff Musk’s offer, he would dump his stake and send the share price reeling.
And as the share price probably goes into free fall, Twitter could be slapped with lawsuits from shareholders who are unhappy with the board’s decision.
As Ives added, it’s time to “break out the popcorn.”
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Brian Sozzi ເປັນບັນນາທິການໃຫຍ່ແລະ anchor ຢູ່ Yahoo Finance. ຕິດຕາມ Sozzi ໃນ Twitter @BrianSozzi ແລະ LinkedIn.
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Source: https://finance.yahoo.com/news/elon-musk-is-twitters-worst-nightmare-analyst-171547463.html