Thoma Bravo has assets worth $103 billion. It is not known how much money he offered for the social network. The founder of Tesla and SpaceX gave $ 43 billion for all shares.

Candidates are traded, the company is not sold

• When the world learned that Elon Musk had become a new shareholder on Twitter, the company’s price jumped 25 percent.
• And even with that growth in mind, the entrepreneur has offered 6 billion more for the social network than it costs today.
• However, it received a resolute refusal from at least one shareholder: Saudi Prince Al-Walid ibn Talal Al Saud said the proposed price was still insufficient as it did not take into account all prospects for growth. He didn’t want to part with his securities.

Given these facts, we can assume that: Thoma Bravo had to bid an even higher price to satisfy the appetites of all shareholders. A spokesperson for the investment firm declined to comment to Reuters, as did Twitter, so it’s unclear what the board said.

Speka wrote that after Mask announced he wanted to be the sole president of the company, it was learned that the Twitter board was discussing the use of “poison pill” tactics to avoid being completely absorbed. This tactic is known as the shareholder protection plan. It is used to avoid hostile takeovers due to significant erosion of the buyout margin. This is possible by increasing the number of shares in the market or by allowing existing shareholders to purchase more shares at a discount. This makes hostile takeovers more painful financially.

Therefore, we can assume that the shareholders do not want to sell their shares and Thoma Bravo will also be rejected.