Businessman Anand Mahindra has shared his view on the showdown between billionaire Elon Musk and Twitter Inc over $44 billion acquisition deal. Mr Musk had introduced that he’ll purchase the micro-blogging platform however the deal couldn’t materialise. Twitter has now sued Mr Musk asking a court docket in the US to order the world’s richest individual to finish the merger on the agreed $54.20 per Twitter share. Mr Musk had terminated the deal accusing Twitter of violating settlement by failing to reply to requests for data concerning faux or spam accounts.
Reacting to the event, Mr Mahindra stated in a tweet on Thursday that it was a waste of time, power and cash.
“What a waste of time, power & cash. Twitter is an indispensable supply of reports & connectedness. Can it’s run like a quasi social enterprise-listed, for profit-but with a robust constitution & managed by a board with administrators who act responsibly like trustees?” the Mahindra Group Chairman requested.
What a waste of time, power & cash. Twitter is an indispensable supply of reports & connectedness. Can it’s run like a quasi social enterprise—listed, for revenue—however with a robust constitution & managed by a board with administrators who act responsibly like trustees? https://t.co/jXqyz9ABPu
— anand mahindra (@anandmahindra) July 14, 2022
The tweet acquired greater than 1,600 likes and 121 retweets, with Mr Mahindra’s followers giving their very own perspective on the problem.
“Sir, You might be considering in a typical enterprise perspective. However Elon does not,” a person commented.
“Sir I m very curious and all the time marvel why we can’t develop an Indian social media platform utilized by the globe. Like Fb tweeter WhatsApp LinkedIn and so forth,” tweeted one other.
The authorized battle between Mr Musk and Twitter will play out in Delaware’s Court docket of Chancery, which is specified within the merger settlement for disputes.
Delaware can be a preferred incorporation vacation spot for many US public corporations, together with Tesla Inc and different corporations of Mr Musk similar to tunneling enterprise the Boring Co and Area Exploration Applied sciences Corp, often called SpaceX.
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