Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Pope Leo XIV: I renew my heartfelt appeal to allow the entry of sufficient humanitarian aid [into Gaza] and to put an end to the hostilities
Palestinian Resistance factions: Occupation expanding its genocidal war through what it calls "Gideon's Chariots" will end in failure just like its former plans.
Palestinian Resistance factions: We warn our people from occupation's plans that aim to push it to move to southern Gaza as a prelude to displacing them from the Gaza Strip.
Iraqi oil minister: Such agreements must be signed by the federal government.
Iraqi oil minister: We have reservations regarding the oil agreements signed between US and Kurdistan.
Gharibabadi: Europeans know that triggering the snapback mechanism would sabotage diplomacy, and Iran will respond accordingly
Gharibabadi: The involvement of any third parties in the current indirect negotiations between Iran and the United States requires mutual consent of both sides
Iran’s Deputy Foreign Minister for Legal and International Affairs Kazem Gharibabadi: Iran will take appropriate countermeasures should the Europeans move to trigger the snapback mechanism
Israeli media: Spanish Parliament has overwhelmingly voted in favor of legislation banning arms sales to "Israel"
Syrian leadership approved the return of spy Eli Cohen's archive to "Israel": Reuters citing sources

Elon Musk up to paying $15bn to take over Twitter

  • By Al Mayadeen Net
  • Source: Agencies
  • 20 Apr 2022 00:01
  • 1 Shares
3 Min Read

The Tesla CEO seeks to take a hold of the social media giant.

  • x
  • Elon Musk Sells $5 Billion Worth of Tesla Stocks
    Elon Musk, the owner of SpaceX and Tesla.

Tesla owner and billionaire Elon Musk is eyeing Twitter as its next business prospect. Musk looks to invest $15 billion to delist Twitter off the New York Stock Exchange and privatize it, with the aim to make social media "a model for free speech", according to the New York Post on Tuesday. 

Musk bought a 9.1% stake in Twitter worth $3 billion two weeks ago, following that number up with an offer of $43 billion to purchase the remainder of the shares. 

Read more: Elon Musk no longer Twitter's largest shareholder

 

According to the Post, despite Musk's wealth, the billionaire appears to face difficulty raising funds for the deal. It was said that Musk was planning to execute a tender offer in the next ten days, where Morgan Stanley, a Wall Street bank, could raise $10 billion in debt. Several private-equity firms have reportedly been interested in participating in a Twitter deal.

On Monday, Musk announced that he will not be taking a penny in terms of salary if he were to be appointed to become on the board of directors. 

Related News

Saudi Prince AlWaleed Bin Talal to keep shares in Musk's Twitter

KSA's Alwaleed to sell 16.87% of Kingdom Holding to PIF

Someone with a heavy share in Twitter, Saudi prince Alwaleed Bin Talal, said that Musk's offer - $54.20 per share - in comparison with Tuesday's traded price, $46.50, is below value.

Furthermore, Twitter's board is against Musk's offer. 

On Friday, Twitter announced that its board of directors has adopted a law - the 'Poison Pill' - that ensures the lessening of the likelihood that any person or entity would be able to take full control of the company without paying the premium.

However, that pill may not prevent other corporations or individuals from acquiring up to 15% of the company's shares. These shareholders might join forces with Musk to compel a sale, make changes in the management ranks, or push for other reforms to the company.

Musk considers bringing in partners on Twitter bid

On Saturday, sources close to Elon Musk reported that he is talking to investors about partnering with him on a bid for Twitter.

Sources stated a new proposal involving partners could be announced within days.

One possibility, according to the sources, is partnering with Silver Lake Partners, which was intending to co-invest with him in 2018 when he was considering taking Tesla private.

According to insiders, Silver Lake's Co-CEO Egon Durban is a Twitter board member and oversaw Musk's negotiation team during the failed attempt to take Tesla private in 2018. Silver Lake did not respond to requests for comment.

  • Alwaleed Bin Talal
  • Elon Musk
  • Twitter

Most Read

Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025
YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Gulf investments quietly boosted Elon Musk and family fortunes
US & Canada

Gulf investments quietly boosted Elon Musk and family fortunes

A 3D render of China's planned 'drone mothership' Credit: X/@XH_Lee23
US & Canada

China unveils drone mothership capable of swarm attacks

Relatives of Venezuelan migrants deported by the US to a Salvadoran prison protested outside the UN building in Caracas on April 9, 2025 (AP)
US & Canada

At least 50 migrants deported to El Salvador prison entered US legally

A city bus goes by the historic city of Santiago, Spain during a major power outage across Spain and Portugal on April, 28, 2025. (AP Photo/Mic Smith)
Europe

Spain hit by major phone network outage weeks after nation blackout

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS