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While Twitter is not required to accept Elon Musk’s multibillion dollar offer, the board does hold certain responsibilities to shareholders aimed at maximizing the company’s value, experts and industry leaders told the Daily Caller News Foundation. “The question is whether the board would accept this offer,” Austen Allred, CEO and co-founder of Bloom Institute of Technology, told the DCNF. “They have a fiduciary responsibility to shareholders, so in order to turn it down they’d have to have a plan for how the company could be worth more than what Musk is offering, and they do expose themselves and the company...

Watch live as Elon Musk speaks at a TED conference in Vancouver, Canada, on Thursday, April 14, 2022.

While Elon Musk is trying to buy Twitter Inc., he’s no longer the company’s largest shareholder. Funds held by Vanguard Group recently upped their stake in the social-media platform, making the asset manager Twitter’s largest shareholder and bumping Mr. Musk out of the top spot. Vanguard disclosed on April 8 that it now owns 82.4 million shares of Twitter, or 10.3% of the company, according to the most recent publicly available filings with the U.S. Securities and Exchange Commission. The asset-manager increased its stake in the company at some point during the first quarter, according to the filings. Vanguard’s holdings...

Elon Musk’s Big Move on TwitterAs you undoubtedly have heard, Elon Musk – ever the rebel – has offered to buy the whole of Twitter for more than $43 billion. He says that the offer is final. No negotiation. If it is rejected, he will likely sell his 10% stake. I’m personally excited about the prospect because so many of my friends have been canceled by the platform. I’ve seen the way this has affected their lives. Yes, they move on eventually but the platform has become poorer in their absence. The range of opinion is more narrow and the...

Billionaire Tesla CEO Elon Musk acknowledged Thursday he is “not sure” he’ll actually be able to buy Twitter, hours after he revealed a $43 billion offer... ....Asked by TED’s Chris Anderson if there was a “Plan B” if his current offer were rejected, Musk said, “there is.”

CAIRO, April 14 (Reuters) - Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday that as one of the major shareholders in Twitter he rejected a takeover bid by billionaire entrepreneur Elon Musk. "I don't believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects," the prince said in a Twitter post. Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media giant needs to be taken private to grow and become a...

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing. According to Musk, the social media company needs to go private because it can “neither thrive...

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at about $43 billion. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing. According to Musk, the social media company needs...