Comment on How do shares work? How does musk control twitter if he only owns 9% of the shares?
Thorry84@feddit.nl 3 weeks ago
Didn’t he buy the whole thing in a hostile takeover? That means no more publicly traded shares and he owns the whole thing. Probably through some complicated holdings construction but ultimately he owns it fully.
As far as I understand a lot of the finances came from different sources, like the Saudis. But the agreements around those aren’t public, so I don’t think anyone knows exactly if they can demand anything except money and what the rules are for Musk. Unless that’s been confirmed leaked, but I don’t care enough about Musk or Twitter to keep tabs on that.
wildcardology@lemmy.world 3 weeks ago
Musk was forced to buy Twitter after trying to get out of the deal. So no hostile takeover happened.