Here’s how Twitter is reacting to Elon Musk’s hostile takeover attempt

• Elon Musk today announced his intention to acquire Twitter.
  
• The Tesla cofounder has made a $42 billion offer to acquire the platform.
  
• Here’s how Twitter users have reacted to Musk’s hostile takeover attempt.
  

Twitter is blowing up with reactions after Tesla cofounder and Twitter’s largest shareholder, Elon Musk, announced an offer to acquire the social media giant. The reactions range from grave concerns to memes about the fate of the platform.

Earlier today, Elon Musk announced an offer to acquire Twitter in an all-cash deal, at $54.20 per share, valuing the company at nearly $42 billion. Many are seeing this as a hostile takeover attempt, but if the offer is lucrative enough, it could turn into a friendly deal, giving the Twitter management an exit that they might be seeking.

The offer of $54.20 per share is at a huge premium, too – Twitter’s shares closed at $45.85 on April 13, meaning that Musk’s offer is at a premium of over 18%. When compared to April 1 – when Musk’s acquisition of a 9.2% stake in Twitter was revealed – this is a premium of 38%.

Understandably, #ElonMuskTwitter is now the top trending hashtag on Twitter, with reactions pouring in from all sides.

We picked out some of the best ones.





There were some Batman references, too.



Some users used humour to highlight the discomfort among Twitter employees – and possibly, its board – about the prospects of Musk acquiring Twitter.



A Twitter user shared a scene from The Social Network movie, hinting that Musk was coming for the whole company.


Another user shared a meme from the 3 Idiots movie, taking a dig at Twitter chief Parag Agrawal.


A user takes a dig at Twitter users threatening to leave the platform if Musk acquires it.

SEE ALSO:

Elon Musk offers to acquire Twitter for $42 billion

Elon Musk decides not to join Twitter’s board a week after becoming the largest shareholder of the company

Elon Musk was sued by a Twitter shareholder who alleged he disclosed his stake in the social-media company too late