Elon Musk just made Twitter an offer that might be hard to refuse. In the wake of the shocking $43 billion offer made by the CEO of Tesla Motors, the world awaits Twitter’s official response. Moreover, this offer has left social media in shambles, with everyone expressing their view. This included former top WWE official Eric Bischoff.
Musk’s offer comes after a long history of him being involved with Twitter. Currently, he is one of the biggest shareholders in the company, he was also offered to be on the board. However, Elon Musk seems to be aiming bigger than just being a board member. He now wants to redirect and reconfigure Twitter in his own vision. Former WWE Raw General Manager Eric Bischoff took to his Twitter handle to comment on the situation.
Curious. If the board at @twitter, as fiduciaries, rejects the @elonmusk offer, do shareholders have legal recourse?
— Eric Bischoff (@EBischoff) April 14, 2022
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As the world awaits the official word from Twitter’s board of directors on Musk’s incredible offer, Bischoff’s has also raised a thought-provoking question. This post by Bischoff has gone viral on Twitter. Moreover, people are expressing their opinions of what lies in the future for Twitter’s shareholders. However, it seems like Musk’s thoughts align with that of Bischoff.
Taking Twitter private at $54.20 should be up to shareholders, not the board
— Elon Musk (@elonmusk) April 14, 2022
I have arrived. #StrictlyBusiness @adfreeshows pic.twitter.com/uP5j39sCsA
— Eric Bischoff (@EBischoff) April 15, 2022
Both Elon Musk and Eric Bischoff have raised the issue of shareholders’ rights in the whole ordeal. While in terms of legality it is unclear how this can turn out, but that has not stopped fans from speculating. Eric Bischoff’s post has received an enormous amount of replies.
Fans react to Eric Bischoff’s take on Elon Musk’s offer
With multi-billionaire Elon Musk making such a huge offer, he now has the attention of the entire world. Eric Bischoff’s comments on the future path of legal recourse for shareholders has further generated a deep interest in Twitter’s next move.
Why would anyone in their right mind turn down $41.3 billion??
— Latineaux (@Latineaux1) April 14, 2022
I would assume so since they don't seem to be acting in the best interest of their shareholders.
Also, every time you post, it NEVER ceases to amaze who can't distinguish between the character you played and you the person.
Keep up the great work tho!— Da Bear Way (@MindSoreXray) April 14, 2022
Yes, they are able to sue. The problem is that shareholders have never been able to sue to force a purchase successfully.
— iMike (@Vote4Science734) April 14, 2022
Im no expert, but I’ve been reading that yes. Investors could turn around and sue the board. So the board is probably looking for alternatives to sell to someone else.
— Daniel (@LegendSnake) April 14, 2022
The offer doesn't look good to me..
— Damon (@bonesjackson2) April 14, 2022
Only time will tell whether Elon Musk will be able to take over Twitter. It will be interesting to see how things play out if Musk’s offer is not accepted by Twitter.
Eric Bischoff was also once part of a massive company takeover
Eric Bischoff gained fame in the wrestling world back in the 1990s. His work in Ted Turner’s WCW changed the wrestling world forever. Bischoff served as the Executive Producer and later the Leading Vice President of WCW. Moreover, he was excellent in both these roles as he was able to beat the industry giant WWE at their peak.
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However, he ultimately lost the “Monday Night Wars” to WWE, as WCW tanked. The Chairman of WWE, Vince McMahon, ended up taking over Bischoff’s brainchild WCW as McMahon bought WCW in 2001.
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