City
Epaper

Twitterati asks Musk to buy Sri Lanka instead of Twitter for $43bn

By IANS | Updated: April 16, 2022 10:30 IST

New Delhi, April 16 Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging ...

Open in App

New Delhi, April 16 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 billionaire to bail out the debt-ridden country.

"Elon musk, if you wanna 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 per cent of the company.

The all-cash offer will value the social network company at about $43 billion.

He also acknowledged he was "not sure" if he would actually 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 without providing the board sufficient time to make informed judgments and take actions that are in the best interests of shareholders," according to the announcement made.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Elon MuskSri Lanka crisis
Open in App

Related Stories

MaharashtraMaharashtra Becomes First State to Tie Up With Elon Musk’s Starlink for Internet Services

NationalWhy Elon Musk Congratulates INOX Group Director Siddharth Jain?

MumbaiMaharashtra Minister Pratap Sarnaik Becomes First Owner of Tesla Car in India After Mumbai Debut

NationalElon Musk Partners with UIDAI to Power Starlink Internet Expansion in India

TechnologyIndia’s First Tesla Supercharger Goes Live in Mumbai’s BKC

Technology Realted Stories

TechnologyCommerce Secretary Rajesh Agrawal holds talks on India–Eurasian FTA in Moscow

TechnologyIndia’s youthful energy and Korea’s technology a win-win combination: Hardeep Puri

TechnologyEight of India’s top 10 firms add over Rs 2 lakh crore in value last week

TechnologyServices PMI, foreign reserve, infra output data to drive market sentiment next week

TechnologyBihar poll results: Stock markets to react positively, say analysts