The Twitter Investors Musk Hopes to Keep May Not Want to Stay
- Alwaleed bin Talal rejects low-ball bid in a tweet Thursday
- Cuban says Musk has opened floodgates for potential bidders
Elon Musk
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Elon Musk said Thursday -- and later backed it up with a tweet -- that he wants to retain as many of Twitter Inc.’s shareholders as possible if he’s successful in his bid to take the social-media network private. First, he might have to persuade them to accept his offer.
“I should also say the intent is to retain as many shareholders as is allowed by the law in a private company, which I think is around 2,000 or so,” Musk said at a TED event in Vancouver. “We’ll try to bring along as many shareholders as we’re allowed to.”