Twitter under shareholder pressure to seek deal with Musk, say sources | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

NEW YORK, April 25 — Twitter Inc is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his US$43 billion (RM185.7 billion) bid for the social media platform his best and final offer, people familiar with the...

is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has called his US$43 billion bid for the social media platform his best and final offer, people familiar with the matter said on Sunday.

One option available to Twitter’s board is to open its books to Musk to try to coax him to sweeten his bid. Another would be to solicit offers from other potential bidders. While it is not yet clear which path Twitter will take, it is increasingly likely that its board will attempt to solicit a better offer from Musk even as it rebuffs the current one, the sources said.

Twitter shares closed at US$48.93 on Friday, a significant discount to Musk’s offer that reflects the uncertainty over his bid’s fate. “I don’t believe that the proposed offer by Elon Musk comes close to the intrinsic value of Twitter given its growth prospects,” Saudi Arabia’s Prince Alwaleed bin Talal, a Twitter shareholder, tweeted on April 14.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Contact me on WhatsApp, I will teach you on how to make more 2BTC ($117,212) or more. than the Minimum of $5,500 weekly, using your phone and bitcoin wallet. if interested contact on WhatsApp +1(301)818-3761 p:s(link 🖇️ on bio)

The end of freedom of speech.... like Facebook, you only sing one national anthem...the US.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Loyalists turn on Sri Lanka PM as protest pressure grows | Malay MailCOLOMBO, Apr 23 — Sri Lanka’s beleaguered prime minister came under increased pressure to step down today, as a cabinet minister and other senior party members backed street protests calling for resignations over a worsening economic crisis. Media minister Nalaka Godahewa announced his support...
Source: malaymail - 🏆 1. / 86 Read more »

Brazil paper plane pilots seek international glory | Malay MailBRASILIA, April 23 — More than a century after their beloved countryman Alberto Santos-Dumont made aviation history, young Brazilians are taking to the skies seeking international glory of their own... with paper airplanes. Eight finalists took part Monday in a heated competition in Rio de...
Source: malaymail - 🏆 1. / 86 Read more »

EU eyes deal to tame internet 'Wild West' | Malay MailBRUSSELS, April 23 — The European Union yesterday homed in on new regulation to require Big Tech to remove harmful online content, the bloc’s latest move to rein in the world’s online giants. The Digital Services Act (DSA) — the second part of a massive project to regulate tech companies...
Source: malaymail - 🏆 1. / 86 Read more »

Shanghai’s economy slows as Covid deals blow to industry, retail | Malay MailBEIJING, April 23 — The economy of Shanghai, China’s most populous city, slowed in the first quarter from the end of 2021, hurt by rare declines in industrial output and retail sales that were hammered by the country’s most serious Covid outbreak. Shanghai’s gross domestic product (GDP)...
Source: malaymail - 🏆 1. / 86 Read more »

Australia accuses China of paying bribes to win deals | Malay MailSYDNEY, April 24 — Australia’s defence minister today accused China of paying bribes for international deals but refused to say whether corruption played a role in Beijing’s newly signed defence pact with the Solomon Islands. Peter Dutton made the allegations as his conservative government... PeterDutton_MP should stop pretending he and ScottMorrisonMP are 'innocent virgin' BBCWorld NBCNews
Source: malaymail - 🏆 1. / 86 Read more »