Proposal of a cash flow creation vision to the bank that finances the acquisition
How to charge a fee when an external website quotes a tweet, etc.
[시사뉴스 김도영 기자] Tesla CEO Elon Musk has reportedly offered to take over Twitter, which could cut salaries for executives and boards and develop new revenue streams.
On the 29th (local time), CNBC reported that Musk made this statement after submitting a Twitter takeover bid to the bank on the 14th, citing three sources familiar with the matter.
Musk had to convince the bank that Twitter could generate enough cash flow, and he offered his vision of cutting executive salaries and new revenue streams.
It is known that the proposed measures include a charge for quoting or inserting tweets from verified individuals or groups on external websites.
In addition, it is reported that Twitter’s gross profit is lower than that of Facebook and Pinterest in the same industry, indicating that there is enough room to operate in a more efficient way.
Musk previously said that he could save about $3 million in costs by eliminating Twitter director salaries.
Sources also said the government will pursue a moderate policy that guarantees maximum freedom within each country’s legal restrictions.
Bloomberg reported that Musk had made specific comments to the bank about the layoffs the day before. However, one source said it would not make a decision on the layoffs until the company completes the acquisition later this year.
Musk announced on the 25th that it would acquire Twitter for $44 billion.
Musk agreed to borrow $13 billion (about 16.42 trillion won) with Twitter as collateral and $12.5 billion (about 15.79 trillion won) with Tesla stock as collateral, and the remaining $18.5 billion (about 23.36 trillion won) will be paid in cash. agreed to
