# The Twitter investors Elon Musk hopes to keep may not want to stay | Tech News (HT Tech) > Elon Musk said Thursday -- and later backed it up with a tweet -- that he wants to retain as many of Twitter Inc.’s shareholders as possible. # The Twitter investors Elon Musk hopes to keep may not want to stay ## Elon Musk said Thursday -- and later backed it up with a tweet -- that he wants to retain as many of Twitter Inc.’s shareholders as possible. Aug 22 2022, 11:42 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![Elon Musk`](https://images.hindustantimes.com/tech/img/2022/04/15/1600x900/TWITTER-M-A-MUSK-0_1649999504775_1649999527412.JPG) Some of the twitter investors are already weighing in on the potential deal, and using Musk’s own preferred form of communication to do so. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By BLOOMBERG Elon Musk said Thursday -- and later backed it up with a tweet -- that he wants to retain as many of Twitter Inc.’s shareholders as possible if he’s successful in his bid to take the social-media network private. First, he might have to persuade them to accept his offer. “I should also say the intent is to retain as many shareholders as is allowed by the law in a private company, which I think is around 2,000 or so,” Musk said at a TED event in Vancouver. “We’ll try to bring along as many shareholders as we’re allowed to.” As Musk alluded to, U.S. regulators place limits on how many shareholders a private company can have before it’s required to release the same sort of financial information that public companies have to make available. While Musk was right that the baseline number is 2,000, it drops to 500 if the shareholders don’t count as accredited investors, or high-net-worth holders that would allow the company to avoid some reporting requirements. Also read click here. With a shareholder roster that includes everyone from its own founder to the biggest institutional investors and an army of retail investors, there are a lot of people who could take Musk up on his offer -- either to buy their shares for $54.20 apiece in all cash, or to roll over their stakes into a newly private Twitter. Some of them are already weighing in on the potential deal, and using Musk’s own preferred form of communication to do so. Ross Gerber is co-founder and president at Gerber Kawasaki Wealth and Investment Management, which owns more than 9,000 shares in the company, according to the company’s latest filings with the SEC. He tweeted Thursday: “Lots to unpack here,” Gerber said in a message to Bloomberg News. “Shake-up is well needed. Offer is low and no shareholders will take it. Elon is being opportunistic as Twitter management is weak.” The potential take-private deal would value the company at roughly $43 billion. Twitter shares closed Thursday at $45.08, giving the company a market value of $36 billion. Saudi Prince Alwaleed bin Talal, chairman of the board at Kingdom Holding Company, was one of Twitter’s largest investors to weigh in. He rejected the low-ball bid in a tweet. Jonathan Boyar, managing director at Boyar Value Group, which owns more than 38,000 shares in the social-media platform with a rough valuation of $1.75 million, said that everything Musk does is unconventional. “We have no idea what his true intentions for Twitter really are,” Boyar said in an interview. “Regardless, his interest in the company reinforces our view on the value of the platform and user base, and how it has been mismanaged for years. “With no controlling shareholder and major activist investors as shareholders, if the company does not execute, Twitter’s days as an independent company are probably numbered,” he added. Even away from actual investors (or at least publicly known ones), the bid was a hot topic of conversation. The term “Twitter stock” was the number one searched phrase, according to Google trends data. Tweets about the prospective takeover from NFL Super Bowl champion Tom Brady to billionaire Mark Cuban were among those that caught fire. Dallas Mavericks owner Cuban noted the bid for the social platform has essentially opened the flood gates for all of the tech giants. Cuban said he thinks big technology companies from Google to Facebook are checking with their antitrust lawyers to see what the likelihood of regulatory approval would look like. And in the event Twitter rejects the $54.20 proposal and Musk sells his shares, Cuban said at least one of the tech giants would have a clear path to a successful acquisition. Musk, in the time since the initial proposal, made his first public comments Thursday about the big deal expressing doubt if the bid will ultimately go through. “I am not sure that I will actually be able to acquire it,” the billionaire entrepreneur said at a TED event in Vancouver. The offer is intended to create “an inclusive arena for free speech,” not as a way to make money, he said. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel. 15 Apr, 19:11 IST elon musk twitter ![HT Tech Awards](https://tech.hindustantimes.com/ht-tech-power-list-awards-2026/httech-awards-banner-new.webp) ### Related Stories 07 Oct 2026 06 Oct 2026 71,649,995,202,493 NEXT ARTICLE BEGINS ![View all](https://images.hindustantimes.com/tech/static/revamp/images/png/view-all-icon.png) ## Tips & Tricks ![Ghibli-style art](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to turn your photos into Ghibli-style art with ChatGPT for free: Step-by-step guide ![How to create an invitation using iPhone’s new Apple Invites app- Step-by-step guide](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to create an invitation using iPhone’s new Apple Invites app- Step-by-step guide ![Apple TV app arrives on Android phones and tablets: What you get and how to install it](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Apple TV app arrives on Android phones and tablets: What you get and how to install it ![Vodafone Idea OTT plans](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Vodafone Idea users can now stream 17 OTT apps with one subscription: Here's how ![Android data transfer methods](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### How to transfer data from one Android to another using Google backup, USB-C cable, and more ## Editor’s Pick ![iPhone 16e launched with A18 chip, Apple AI—bringing flagship power on a budget: Check specs, price](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iPhone 16e launched in India: All details about the new budget mobile from Apple ![DeepSeek was founded in China with only a fraction of the budget of the top AI companies in the US.](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### DeepSeek AI: How it works, who’s behind it, how it’s different from ChatGPT, and its big US market impact explained ![iPhone 17 Air likely to get this feature that iPhone 17 Pro models may miss out on](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iPhone 17 Air likely to get this feature that iPhone 17 Pro models may miss out on ![Google Whisk AI explained: How remixing works, availability, and how it differs from Gemini](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Google Whisk AI explained: How remixing works, availability, and how it differs from Gemini ![iOS 18.4 beta arriving soon: Know why it is the biggest iPhone update](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### iOS 18.4 beta arriving soon: Know why it is the biggest iPhone update ## Trending Stories ![Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order ![Infinix Note 50s 5G+](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC ![Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more ![Apple Intelligence AI training](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Apple plans to train AI using your on-device data without accessing personal content or emails: Report ![CMF Buds 2](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside keep up with tech ![Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-facebook.png) ![Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-twitter.png) ![WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-whatsApp.png) ![Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/tech-facebook.png) ## Gaming ![Check out these five gaming monitors under ₹20,000,](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Top 5 gaming monitors under ₹20000 you should consider ![gaming consoles](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Grab gaming consoles at discounted rates during Amazon Great Indian Festival: Up to 72% off ![Pokémon GO Wild Area 2025](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Pokémon GO Wild Area 2025 to bring Grimmsnarl family, Shiny Hatenna, and global challenges ![Shade Silver](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Shade Silver free on Steam for a limited time: Here’s how to get it ![Call of duty](https://images.hindustantimes.com/tech/static/revamp/images/png/ht-tech-bg-img-90-66.png) ### Call of Duty: Black Ops 7 skips Switch 2 at launch, release date and price leak ![View all](https://images.hindustantimes.com/tech/static/revamp/images/png/view-all-icon.png) ## Trending News ### Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order ![Airtel 5G SIM card will now be delivered in 10 minutes with Blinkit- How to order](https://images.livemint.com/static/static/1x1_img.gif) ### Infinix Note 50s 5G+ set to launch in India with 64MP camera and MediaTek Dimensity 7300 SoC ![Infinix Note 50s 5G+](https://images.livemint.com/static/static/1x1_img.gif) ### Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more ![Xiaomi X Pro QLED Series sale starts in India: Check price, availability, and more](https://images.livemint.com/static/static/1x1_img.gif) ### Apple plans to train AI using your on-device data without accessing personal content or emails: Report ![Apple Intelligence AI training](https://images.livemint.com/static/static/1x1_img.gif) ### CMF Buds 2 key features and price revealed ahead of April 28 launch: Details inside ![CMF Buds 2](https://images.livemint.com/static/static/1x1_img.gif) ## Trending Gadgets Mobiles Laptops Tablets ![HT Tech](https://images.hindustantimes.com/tech/static/revamp/images/png/HT_tech-new.gif) - https://tech.hindustantimes.com/tech/news/the-twitter-investors-elon-musk-hopes-to-keep-may-not-want-to-stay-71649995202493.html