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
Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

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

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

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