Musk previously described his offer of $54.20 per share as « best and final » – but given the social network is set to release quarterly results on Thursday, Twitter’s board may argue that this price is too low.
Twitter is facing increasing pressure from shareholders to seek a deal with Elon Musk. The world’s richest man has offered to buy the social network for $43bn (£33.5bn) – and has accused the company of failing to uphold free speech. Twitter recently adopted a « poison pill » strategy in an attempt to resist a hostile takeover, but some investors want the tech giant to seriously consider his offer. According to Reuters, some shareholders want Twitter to seek a better deal from Musk – urging it not to let this opportunity slip away. Musk previously described his offer of $54.20 per share as « best and final » – but given the social network is set to release quarterly results on Thursday, Twitter’s board may argue that this price is too low.
