Elon Musk has always been known as a future-oriented genius. A visionary who thought of innovations such as humanoid robot, a brain-computer interface and supersonic transportation system. However, many innovations are yet to be brought to the use of the common man. Despite this, he has always been regarded as one of the greatest minds of recent times. Musk, an ardent supporter of meme coin Dogecoin, has always been someone who has startled millions of people by his gut-wrenching bold moves. One such move has been his decision to buy social media giant Twitter at a whopping price of $44 million. The decision was even dismissed as yet another piece of “Musk vaporware” by Wall Street.
However, every financial pundit was taken aback by his accelerated action of the takeover of Twitter just 11 days after the Tesla owner offered to buy Twitter. Recently, Twitter made an official announcement regarding its agreement to sell the social media platform to the billionaire. The deal is likely to close this year for $54.20 a share in cash. Irrespective of his unconventional tactics, merger-and-acquisition pundits believe his strategy consists of sound negotiation principles. The only difference is his distinctive, unpredictable modus operandi.
Going by the words of G. Richard Shell, a professor at the University of Pennsylvania and director of Wharton’s Executive Negotiation Workshop, “You’re along for the ride with Elon Musk and it’s not going to be the standard corporate trip.” He further says, “Musk is ready, fire, aim. He’s not a private equity firm that has a bunch of very sober and methodical executives who are trying to beat the market return.”
