Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its independence. Many users on the platform shared their views and asked the tech b…
Many users on the platform shared their views and asked the tech billionaire to bail out the debt-ridden country.
If you want to buy something, buy Sri Lanka. Leave Twitter alone, “a user wrote. “@elonmusk: Would you like to buy Sri Lanka for $43 billion? We have the best graphite in the world for your @Tesla at Bogala, too,” another user wrote.
Recently, Musk announced that he had made an offer to buy Twitter. The billionaire is willing to pay $54.20 per share to buy 100 percent of the company. The all-cash offer will value the social networking company at about $43 billion.
He also acknowledged he was “not sure” if he would be able to buy Twitter, adding that there is a Plan B if his initial offer is rejected.
Meanwhile, Twitter has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Musk.
“The Rights Plan, often called the ‘poison pill,’ will reduce the likelihood that any entity, person, or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or providing…