As Twitter, Inc. TWTR is scrambling to pull out all the stops to push through the $44 billion take private deal Elon Musk, It turned out that some of the billionaire’s friends were not in favor of the proposed purchase.
What happened: Musk’s friend and LinkedIn co-founder Reid Hoffman expressed concern about the deal in a How It Happened podcast interview, according to Axios Business Insider.
“I read the tweet and I think I got most people’s reaction, it was like, ‘Oh my god, another huge problem. He’s already dealing with a large number,'” Hoffman said on the podcast.
However, Hoffmann later took a different view. He said. “I was one of the people who thought he couldn’t do both Tesla and SpaceX, and I was clearly wrong.”
Hoffman then texted Tesla Inc. TSLA CEO and said it was a big deal and it could change the world.
“What do you think the plan is,” he asked Musk.
The Axios podcast also revealed that many others close to Musk declined to comment on the recording as the deal is currently the subject of legal investigations. However, they suggested that even with Twitter, Musk might be biting more than he could chew.
Why it matters: A five-day trial in the Musk-Twitter lawsuit begins October 17. Musk has so far sent at least three resignation letters to the Twitter board, citing various bases.
While initially dealing with the anomaly in the number of bot accounts, the second letter cited some undisclosed bases, although disclosures were made by Twitter whistleblowers Peter Zatko has been speculated as the reason.
The third letter states that Twitter paid Zatko a settlement violates the terms of the transfer agreement.
Price promotion: According to Twitter, Friday’s session closed down 1.64% at $41.45 Benzinga Pro data.
