Twitter Shares: Musk’s Game of Numbers and Shareholders’ Verdict
In a dramatic turn that could have rivaled a Hollywood cliff‑hanger, the bulk of Twitter Inc.’s shareholders have signed off on the $44 billion (about S$61 billion) handover to Elon Musk. According to insiders, the vote fell mostly to the sun on Monday, Sept 12.
Why did the shareholders go “Yes”?
- Because the stock market took a nosedive after Musk’s offer: the deal, originally priced at $54.20 per share, is now looking like a roller‑coaster peak in a market that’s on a steep descent.
- Twitter’s shares are hovering just below $41 per share, far cheaper than what the ‘big‑deal’ demanded.
- Most investors figured the best way to channel their cash into something more reliable is to hand the reins over to the space‑rocket mogul.
What’s the scoop on Musk’s “no‑go” side?
Musk has been vocal about not pulling the trigger on the purchase. He says the deal hit a snag because “I was misled about spam accounts” and the company never disclosed a salary settlement with a senior exec. There’s a court showdown coming up next month, so the drama continues.
Final Thought: A Stellar Finale or a Sudden Uplink?
It’s a story that’s sure to keep its audience at the edge of their seats. Will the CEO’s ambition resume or will the shareholders hold the gate open? One thing’s certain: Twitter’s future just got a bit more space‑y.
