The American Bloomberg agency commented on the news of Elon Musk’s purchase of Twitter, and said that it was one of the craziest and most unpredictable acquisitions ever, as Musk terminated the agreement to acquire the short tweets site for $ 44 billion within weeks of one knowing that he Even an investor in the company.
A month ago, Musk’s main connection to the social media platform was that he was a high-profile user. From there, he announced himself as Twitter’s largest shareholder, before becoming a potential short-term board member and, finally, a successful dealmaker. And between this and that he tweeted dozens of times the way.
The agency saw that the deal came too quickly, in part because Musk gave up the opportunity to look at sources of funding for Twitter away from what was publicly available, but also because that’s how the billionaire who is the richest man in the world operates.
Musk, the 50-year-old president of electric car company Tesla, was heavily involved in the details of the deal, according to several people familiar with the matter. Because he was an individual investor unencumbered by a board of directors or shareholders, he was able to make many big decisions on his own.
Sources confirmed to Bloomberg that they had never before seen a deal of this size go so quickly in their entire lives to a process. A representative for Twitter declined to comment on details.
And Bloomberg Agency monitored several factors for Musk’s success in the rapid acquisition of Twitter, and he said that the first of them was the strong offer that he put forward with $ 46.5 billion, and Musk made Morgan Stanley an advisor to him, and he was able to make 12 banks committed to financing debts worth $ 25.5 billion. He pledged another 21 billion in financing from it.
The second factor is Musk addressing Twitter contributors directly and urging them to pressure the company to communicate. Some shareholders have already reached out to the company and said they wanted to take the offer seriously.
The third factor in the success of the deal is the role of the offered price, which is 54.20 per share, compared to the growth prospects of Twitter itself.
