: Twitters board salary will be [CO] if my bid succeeds: Elon Musk #IndiaNEWS #Business New Delhi: Tesla CEO and SpaceX CEO Elon Musk has taken another dig at Twitter board, saying the members of the

Twitters board salary will be [CO] if my bid succeeds: Elon Musk #IndiaNEWS #Business
New Delhi: Tesla CEO and SpaceX CEO Elon Musk has taken another dig at Twitter board, saying the members of the board will get zero salary if his billion takeover bid succeeds.
Board salary will be [CO] if my bid succeeds, so thats million/year saved right there, Musk tweeted.
He also tweeted Love Me Tender, an Elvis Presley song, after Twitter adopted poison pill strategy to prevent Musk from forcefully buying it.
Musk earlier said that the Board of Twitter should be more concerned about other potential bidders than him who has made a fair offer to acquire 100 per cent of the micro-blogging platform for billion.
In fairness to the Twitter board, this might be more of a concern about other potential bidders vs just me.
With 9.2 per cent stake, Musk is one of the largest shareholders in Twitter.
Asset management firm Vanguard Group disclosed last week that its funds now own a 10.3 per cent stake in Twitter which makes it the largest shareholder.
Saudi Prince Al-Waleed bin Talal, who rejected Elon Musks offer, has about 5.2 per cent share in Twitter.
As Twitter adopts the poison pill strategy, the Tesla CEO is reportedly speaking to investors who could partner with him on acquiring the micro-blogging platform.
Musk may join private-equity firm Silver Lake Partners, which was planning to co-invest with him in 2018 when he was considering taking Tesla private.
Egon Durban, who is the co-CEO of Silver Lake, is a Twitter board member.
IANS

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