‘What are the Kingdom’s views on journalistic freedom of speech?’ Elon Musk socks it to Saudi prince Twitter shareholder for trying to block his hostile takeover bid
- Twitter’s board of directors is reportedly considering a ‘poison pill’ plan to block Elon Musk’s takeover
- Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion
- He called it his ‘best and final offer’ and insisted ‘I am not playing the back-and-forth game’
- Twitter’s board of directors is meeting Thursday afternoon and says it will ‘carefully review the proposal’
- Offer represents a 38% premium to the closing price of Twitter’s stock on April 1, but is below last year’s highs
- Musk currently owns more than 9% of Twitter’s stock and recently turned down a board seat
- Shares of Twitter jumped 5.6 percent at the opening bell Thursday, to $48.40 — below Musk’s offer price
- It indicated that the market remains skeptical that Musk’s takeover bid will be successful
- Musk has amassed over 80 million Twitter followers since joining the site in 2009
