Elon Musk's decision to withdraw from the $44 billion Twitter deal has placed the tech mogul on the top of most news reports online. And fairly recently, Musk got the attention of industrialist Anand Mahindra, one of Tesla's biggest competitors.
Anand Mahindra Calls Elon Musk a 'Twitter Tease'
Anand Mahindra, an Indian businessman and chairman of the Mahindra Group, recently delivered a blow against Musk in a tweet. He called Musk a "Twitter tease" after he withdrew from a deal that went all too popular and hyped up in the news.
If Elon was traveling on an Indian train, the conductor would label him a “TT” Ticketless Traveler. But TT could now also become a term for any headline grabbing bid that implodes: A Twitter Tease. https://t.co/Pn8ikF4NxF
— anand mahindra (@anandmahindra) July 9, 2022
"If Elon was traveling on an Indian train, the conductor would label him a "TT" Ticketless Traveler," according to a recent tweet posted by Mahindra.
According to Mahindra, the TT that he labels Musk can also refer to the term "Twitter tease" that describes the tech mogul and his act to grab bids, have them published all over the internet, but fail to lead it into fruition. But apart from this criticism, Mahindra has also poked fun at Musk in the past, often targeting Tesla.
Mahindra's tweet caught the attention of the Twitter community. One user even joked that Mahindra should purchase the social media platform if Musk doesn't buy it. According to the user, since Twitter's chief executive officer Parag Arawal is also from India, Mahindra would likely be offered a fair price to buy the company.
Amidst all the statements made in jest, netizens also sincerely expressed their sympathy towards Twitter. According to some, the withdrawal of the acquisition was expected since Musk had demanded too much from Twitter.
What's Next For Twitter?
Twitter has an incentive to want Musk to stick to his original stipulations. Since the board announced that it had approved his bid to acquire the firm for $54.20 per share, the stock has dropped significantly. On the announcement day, the stock closed at $51.70 a share. As of Friday's market closing, Twitter shares were worth $36.81.
Twitter's chairman, Bret Taylor, stated that the company is committed to pursuing the purchase at the price and parameters agreed upon with Musk's team. Furthermore, they want to file a legal action in order to close the merger deal from which Musk hoped to walk away unscathed. According to Taylor, they are sure their side will succeed in the Delaware Court of Chancery.
Musk is trying to get out of the arrangement without paying anything because he claims Twitter violated the terms of the agreement by withholding vital commercial information concerning bots. The breakup fee is not mentioned in his SEC filing on Friday describing his reasons for pulling out of the agreement.
With Twitter threatening legal action to force Musk to pay up, this already bizarre transaction might quickly devolve into a lengthy, nasty court war. Sean Edgett, the company's chief counsel, advised workers in an internal email dated June 1, to avoid tweeting, slacking, or/and sharing any comments about the merger. He also mentioned that management is limited in what they can say about the deal.
