Steve Forbes on Elon Musk's Intent to Purchase Twitter: 'One Way or Another He Will Get Control'

Elon Musk has been in the headlines for days now the drama surrounding the incredible moves he has made to take over Twitter.

First came his massive stock purchase, acquiring 9.2% of the company.

Twitter offered Musk a seat on the board of directors but he refused. He refused because a board member cannot own more than 14.9% of the company. This led to wild speculation about Musk’s next move which came to fruition on Thursday.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk stated.

“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

“As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it,” Musk declared.

The offer is fantastic but as one might imagine, Twitter and the left are scrambling to prevent Musk from taking over Twitter. Musk, however is not playing games.

“If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a stakeholder,” he wrote.

“This is not a threat, it’s simply not a good investment without the changes that need to be made. And those changes won’t happen without taking the company private,” Musk wrote.

This could easily send Twitter stock into a tailspin.

Speculation is running wild as to what will happen but Steve Forbes believes firmly in his projected outcome, telling Fox News:

“I think he’ll make a deal go through whether it’s this one or he takes over the company,” Forbes said.

“He only needs 30-40 percent to have effective control, and I think he is in it enough to do it,” he continued.

Forbes also had a message for the naysayers, “And those who say, ‘How can he do Twitter when he’s doing all this other stuff,’ what he’s done is amazing. You take what he’s done in rocketry, his company has better technology than any other government agency or company in the world in that area. So the guy is able to do these things.”

Forbes final prediction, “one way or the other, he will get control of Twitter.”

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