Elon Musk backed out of a $44 billion plan to purchase Twitter yesterday. Due to incomplete information from Twitter personnel regarding phony and spam accounts on the network, the agreement was terminated.
The entrepreneur’s sister discussed the postponed partnership with Twitter.
In an interview with the Sunday Times, Tosca Musk discussed the family and her thoughts on Elon’s partnership with Twitter. Because they are not accustomed to taking chances, many people will claim that it won’t work, Tosca told the outlet.
It’s like, “Well, no one has ever done this before,” when it comes to (editor’s note: my family). This does not imply that it cannot be done.
Sister Ilona spoke briefly when asked about the halted transaction. She declared, “I would believe he’s going to do it if he says he’s going to.”
Recall that Bret Tyler, the chair of Twitter’s board of directors, stated that the company planned to sue the billionaire.
According to a document that got out before, Twitter’s board of directors all agreed that the company’s shareholders should let Elon Musk buy the company.
The acquisition agreement and related transactions were accepted and approved by Twitter’s board of directors, who “unanimously determined that the purchase agreement is suitable and in the best interests of the company and its shareholders, after examining different circumstances.”
Recall that Elon Musk previously met with social network staff online. The New York Times managed the text broadcast of the event.
The crew and the entrepreneur talked about the company’s future. Elon Musk had an online discussion with more than 8000 Twitter employees as part of his acquisition strategy.
The New York Times managed the text broadcast of the event. Marketing director Leslie Burland asked the billionaire questions that had been gathered by staff over a period of several days.