Investors are baffled by Elon Musk’s cryptic tweet channelling Elvis, Editorials99
Elon Musk, the billionaire entrepreneur, kept investors in the dark this weekend with a cryptic tweet containing the word “tender,” a likely wink-and-nod reference to a potential tender offer to Twitter Inc. shareholders for control of the company. The world’s richest person caused a stir last week after he filed a $43 billion proposal offering $54.20 a share for the social network, which led Twitter to adopt a so-called poison-pill provision on Friday to make it harder for Musk or a group of investors to acquire more shares. If Twitter’s board of directors eventually rejects him, the world will know whether Musk was truly threatening a direct appeal to shareholders or had simply added the 1956 Elvis Presley hit “Love Me Tender” to his playlist. Musk may try to form a partnership with investors such as Oracle Corp., whose co-founder Larry Ellison sits on Tesla Inc.’s board, as well as a group of private equity firms including Thoma Bravo, Bloomberg Intelligence analysts Mandeep S...