On April 20, 2022, Elon Musk announced that

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On April 14, 2022, Elon Musk announced his offer to purchase Twitter in a tweet . In his tweet, he hinted that he would take the company private and promised to retain as many shareholders as would be allowed under a privatized Twitter. In response to Musk's public announcement, Twitter's board implemented a poison pill strategy, officially known as a shareholder rights plan, to reduce Musk's chances of succeeding in a hostile takeover while they considered his proposal. While deliberating Musk's proposal, Twitter's chairman met with the company's largest institutional shareholders, who advised him to seriously consider Elon's offer. Twitter executives, on the other hand, presented Twitter's business plan and financial projections as an alternative to Musk's offer.

he had secured financing to enable him to proceed with the acquisition for a total of $46.5 billion chinese singapore phone number list – $7 billion in senior secured bank loans, $6 billion in subordinated debt, $6.25 billion in personal loans, $20 billion in cash on hand, and $7.1 billion from independent investors. Musk sent another letter to the chairman of the Twitter board, urging him to accept his offer as it was his best and final offer. If Elon Musk had carried out his threat to reconsider his position as a shareholder and dumped his 9.2% stake, Twitter shares would have fallen significantly.