October 10, 2022 | 11:37 amLONDON/NEW YORK — Elon Musk’s $44 billion Twitter takeover saga comes with all the drama necessary to be immortalized in case studies for future captains of industry, as the tycoon’s on-off pursuit of the social media platform and unique management style make for a union like no other.
While there are examples of acrimonious or hostile takeovers such as AOL-Time Warner and Sanofi-Aventis-Genzyme, here the world’s richest man — who has long used his own Twitter account to press for more freedom of speech — is working to impose his will on another corporation. While the messages reflect his unusual approach to running a business, taking control of Twitter will mean managing it, at least initially. Mr. Musk has said he would take the reins as CEO but only until he finds a new executive with expertise in the media industry.Mr. Musk did not respond to a request for comment on the challenges of running the company after such a contentious deal. Twitter declined to comment.
Whether or how Mr. Musk pulls it off remains to be seen. What analysts and academics can agree on is that considerable energy and momentum could be sapped by what they forecast will be heavy turnover among Twitter’s staff and senior management.
and unique management style make for a union like no other.