“I am not sure that I will actually be able to acquire it,” the billionaire entrepreneur said Thursday at a TED event in Vancouver. Musk said he has a Plan B if Twitter rejects his offer, without offering more details.
The comments, made during a lengthy interview with TED head Chris Anderson, came hours after the world’s richest person roiled the financial world with the all-cash bid. With heightened interest in Musk’s activities, organizers of the conference made a last-minute change to make his prearranged appearance freely available online.
The offer is intended to create “an inclusive arena for free speech,” not as a way to make money, Musk said. He also said he has sufficient assets to complete the deal.
Twitter’s board views Musk’s move as unwelcome, The Information reported while he was still speaking, citing a person familiar with the situation. The Wall Street Journal also reported that Twitter was mulling using a "poison pill" defense to Musk's offer.
The social-media company declined to comment beyond its earlier statement, which said the company would review Musk’s proposal and any response would be in the best interest of stockholders.