FILE PHOTO: Elon Musk's twitter account is seen on a smartphone in front of the Twitter logo in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Many investors, analysts and investment bankers expect Twitter Inc's board of directors to reject Elon Musk's $43 billion acquisition offer in the coming days as inadequate, but how would the social media company then proceed?
Twitter shares dropped on Thursday after Musk unveiled his offer, as the market deemed it too low and too thin on financing details. Twitter's board is currently evaluating the bid and many investors and analysts say that a rejection is likely, barring any changes to the offer from Musk.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
