One of the few ways in which Twitter can avoid Elon Musk taking over the company is to find a friendly investor or a “white knight,” according to tech analyst, Dan Ives.
Ives, an analyst at investment firm Wedbush, told Fortune that a white knight—a financial term used to describe a friendly investor that sweeps in when a company is on the verge of being taken over by an “unfriendly” investor and prevents the takeover from happening—could be the social media platform’s last chance of avoiding the billionaire’s buyout.
Businessman Musk has offered to buy Twitter at $54.20 per share in cash, which would amount to $43 billion.
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