Read more about Elon Musk’s cryptic ‘Love Me Tender’ tweet baffles investors on Business Standard. Twitter has hired Goldman Sachs and JPMorgan Chase, the latter of which has sparred previously with Musk over the valuation of millions of dollars in Tesla stock warrants
tweeted Love Me Tender, an Elvis Presley song, a day after adopted a “poison pill” to protect itself from the billionaire’s $43 billion cash offer to buy the social media company. After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board and put the offer directly to its shareholders, tweeting, “It would be utterly indefensible not to put this offer to a shareholder vote”. In another tweet over the weekend, Musk, a self-described “free speech absolutist” who has been critical of and its policies, replied to a post of his from 2017 where he had asked “How much is it (Twitter)?” with an upside down smiley. The world’s richest person caused a stir last week after he filed a $43 billion proposal offering $54.20 a share for the social network, which led to adopt a so-called poison-pill provision on Friday to make it harder for Musk or a group of investors to acquire more shares.
