The world’s richest man should be able to buy anything he wants. But can Elon Musk buy Twitter?
Mr. Musk has hired Morgan Stanley as his financial adviser. The bank is known more for top-shelf merger advice than for big loans, but would likely provide some debt financing if a deal moves ahead, a person familiar with the matter said.
Even if he can gather the money, Twitter, which has been working on its own plan to boost the lagging shares, could reject the offer. The reaction from one high-profile shareholder Thursday could give it cover.message on the serviceThis isn’t the first time Mr. Musk has floated a blockbuster takeover that didn’t come to fruition. In 2018, he famously tweeted that he was considering taking Tesla private and that he had “funding secured.
The company is weighing adopting a so-called poison pill that will block Mr. Musk, who owns 9.2% of the company, from increasing his stake beyond 15% or so, that person said. Mr. Musk says his offer is take-it-or-leave-it, and that he is prepared to sell his position if the answer is no. That could help explain the muted reaction in Twitter’s shares.
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