Elon Musk’s tweet channelling Elvis baffles investors

New York | Billionaire entrepreneur Elon Musk kept investors in the dark at the weekend, floating a cryptic tweet with the word “tender,” a likely wink-and-nod reference to a potential tender offer to Twitter shareholders for control of the company.

The world’s richest person caused a stir last week after he filed a $US43 billion ($58.2 billion) proposal offering $US54.20 a share for the social network, which led Twitter to adopt a so-called poison-pill provision on Friday (Saturday AEST) to make it harder for Mr Musk or a group of investors to acquire more shares.

Bloomberg