How Twitter’s Board Went From Fighting Elon Musk to Accepting Him - The New York Times
4/30/2022 12:00:00 AM3 yearsago
by Lauren Hirsch, Mike Isaac
by Lauren Hirsch, Mike Isaac
It’s highly unusual to move from a “poison pill” to a $44 billion deal in under two weeks. But Twitter’s board ran out of options.
On April 21, Mr. Musk lined up $46.5 billion in financing. He had obtained commitments from Morgan Stanley and other lenders for $13 billion in debt financing, while another group of banks promised $… [+2234 chars]
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