Whereas Tesla CEO Elon Musk has launched a hostile takeover bid for Twitter with a $43 billion money provide, Snapdeal CEO Vijay Shekhar has made a joke concerning the multi-billion greenback bid on Twitter.
As an alternative of shopping for Twitter, CEO Kunal Bahl beneficial to Musk that he purchase Sri Lanka, which is experiencing its worst financial disaster in a long time, with meals costs resembling a kilogram of rice reaching 500 Sri Lankan rupees.
Bahl stated that Elon Musk’s Twitter proposal is $43 billion and Sri Lanka’s debt is $45 billion in a WhatsApp viral on Twitter. With a laughing emoji, Bahl wrote, “He can purchase it and name himself Ceylon Musk.” Sri Lanka is also called Ceylon.
Musk not too long ago acknowledged that he would purchase Twitter for $54.20 per share, valuing the corporate at over $40 billion. His declaration got here solely days after he turned the microblogging website’s largest shareholder after amassing a large stake within the firm.
Elon Musk’s Twitter bid – $43 billion
Sri Lanka’s debt – $45 billion
He can purchase it and name himself Ceylon Musk 😀
— Kunal Bahl (@1kunalbahl) April 14, 2022
Elon Musk purchased 9.2 p.c of Twitter inventory on April 4, making him the corporate’s largest stakeholder. Nevertheless, the digital behemoth now desires to purchase all the firm, claiming that the social media big must be privatized.
“I would wish to reevaluate my place as a shareholder,” he acknowledged if his provide was not accepted. Musk additionally acknowledged that if the Twitter board of administrators rejects the provide, it will be “utterly inexcusable” to not carry the provide to a shareholder vote.
He wrote, “They personal the company, not the board of administrators.”
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