Interview
Article reserved for subscribers
Twitter, which is the subject of a takeover bid by Elon Musk, announced on Friday that it had adopted a plan to defend itself. The beginning of a battle of stocks, according to Catherine Karyotis, professor of finance at Neoma Business School.
Hand dipped in popcorn, we greedily follow the series. First there was the first episode, two weeks earlier, during which Elon Musk became the main shareholder of Twitter by holding 9.2% of its capital and announced that he would join its board of directors. Then the disturbing element arrived in the second: the CEO of Tesla finally retracted seven days later. The climax was reached Thursday in the third part, during which the billionaire with 82 million subscribers offered to buy “100%” of his favorite social network. On the table: 54.20 dollars (50.15 euros) per share, or 43 billion dollars in all. And, also, a stated desire to impose…