Musk is willing to buy back Twitter stock without board approv | Elon Musk Hub

Musk is willing to buy back Twitter stock without board approval

The Board of Directors' adoption of protective measures against hostile takeovers for one year indicates that the company's management has no intention of facilitating a scenario in which Elon Musk would buy Twitter's assets directly from shareholders.

However, such a scenario seems quite likely to the billionaire himself.

Recall that Elon Musk has expressed his willingness to buy Twitter assets at a price of $54.2 per share for a total of about $43 billion, but the company's board of directors is still slow to make a decision.