Tesla CEO Elon Musk has hinted at a backup plan if his bid to take over Twitter fails.
Speaking at a TED event in Vancouver on Thursday, the billionaire entrepreneur said: “I am not sure that I will actually be able to acquire it.”
While Musk has said his $54.20-per-share offer is his “best and final” one, he noted that he has a Plan B if his offer is rejected by the company’s board of directors, however, he declined to provide further details regarding that plan.
Musk, who is Twitter’s largest shareholder, has made an offer to buy “100 percent” of the company for around $43 billion, according to a regulatory filing, in which he said that the social media platform needs to be “transformed as a private company.”
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