Twitter Private – What That Means For The Company And Its Chances Of Success
Elon Musk has finally completed his US$44 billion deal to acquire Twitter and take it private.
The world’s richest man has already begun putting his imprint on the social network by firing four of its top executives.
While most people are likely familiar with the idea of taking a private company public – the process that allows individuals to buy and sell a company’s shares in the stock market – the reverse process is not as well understood and happens far less often.
As a business and law professor, I have been analyzing mergers, privatizations and other corporate deals for over two decades. The most common question I have been getting from students and faculty colleagues is why would Musk want to take Twitter private? Or more simply, what does it mean to go private?
The answers to th...