Tesla's Elon Musk Is Twitter's New Owner, Company Temporarily Bans Product Updates In Fear Of Rogue Employees | Carscoops

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Tesla's Elon Musk Is Twitter's New Owner, Company Temporarily Bans Product Updates In Fear Of Rogue Employees | Carscoops carscoops

is the new owner over at Twitter and the social media platform is set to change in a big way under his leadership. As the deal enters its final stages before formal completion, the brass at Twitter are locking it down to prevent foul play and we’re getting a look at what made the board accept the $44 billion offer.of publicly available stocks earlier this month. Initially, it looked like Musk would become part of the board but that fell through.

According to the announcement made by Twitter itself, certainty and financing had a large part to do with accepting the bid. While Musk was very clear about how much he was willing to pay, about a 20-percent premium on the stock price before he acquired a stake, there were concerns that he didn’t actually have the cash to complete the sale.

 

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