Elon Musk’s move to buy Twitter faces roadblocks

To succeed in repelling Musk’s offer, the Twitter board will need to be on solid ground making an argument that the company is worth more, said Wharton School finance professor Kevin Kaiser. — AFP

WASHINGTON: Even for the richest person on the planet, buying Twitter was always going to be a challenge – a highly complex financial transaction now made even trickier by a defensive “poison pill” move from the platform’s board.

Musk’s US$43bil (RM182.12bil) offer lays out the myriad potential pitfalls: possible government approvals, legal as well as regulatory due diligence, negotiations of a final agreement and, of course, how to pay for it all.