Twitter: Elon Musk does not join the board of directors and could buy other shares

(AOF) – Elon Musk, who recently entered the capital of Twitter to the tune of 9.2%, will not finally join the board of directors, indicated its general manager, Parag Agrawal. “Elon is our largest shareholder and we will remain open to his contribution,” he said. In a so-called 13G document filed with the SEC after it was amended, the Tesla founder says he could buy new Twitter stock or sell it.

By not joining the board, Elon Musk would not be subject to an agreement to keep his stake at a maximum of 14.9%.

He specifies that he could engage in discussions with the board of directors and/or members of the management team of the microblogging site, in particular with regard to potential business combinations, strategic alternatives, activities, the capital structure, governance and strategy of the issuer.

Elon Musk may express his views to them through social media or other means regarding Twitter’s business, products and service offerings.


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