Topline

Elon Musk has told investors he’s wooing to fund his $44 billion deal to take Twitter private that they may be able to cash out in as few as three years through a public stock offering, the Wall Street Journal reported Tuesday, citing anonymous sources.

Key Facts

- Advertisement -

Twitter’s board has agreed to an offer from Musk of $54.20 a share to take the company private.

While private-equity firms often spend about five years restructuring a company before taking it public once more, Musk’s tentative three-year timeframe could signal he believes he can rapidly reform Twitter to improve its profitability, the Wall Street Journal said,

Since going public in 2013, Twitter has only turned an annual profit in 2018 and 2019and its growth has failed to meet expectations over the last two quarters.