{"id":1680049,"date":"2022-10-09T06:53:21","date_gmt":"2022-10-09T10:53:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1680049"},"modified":"2022-10-09T06:53:54","modified_gmt":"2022-10-09T10:53:54","slug":"musks-acrimonious-twitter-bid-heads-for-business-school-case-study-immortalization","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musks-acrimonious-twitter-bid-heads-for-business-school-case-study-immortalization\/","title":{"rendered":"Musk\u2019s acrimonious Twitter bid heads for business school case study immortalization"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmusks-acrimonious-twitter-bid-heads-for-business-school-case-study-immortalization%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1680049&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Andres Gonzalez, Svea Herbst-Bayliss and David Randall<\/p>\n<p>LONDON\/NEW YORK (Reuters) \u2013     Elon Musk\u2019s $44 billion Twitter takeover saga comes with all the drama necessary to be immortalised in case studies for future captains of industry, as the tycoon\u2019s on-off pursuit of the social media platform and unique management style make for a union like no other. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The chief executive of electric car maker Tesla Inc performed a U-turn by proposing to buy Twitter at the agreed price having spent months trying to get out of the deal, just as a Delaware Court was getting ready to rule on the standoff. <\/p>\n<p>\u201cThis is unique in many cases,\u201d said Arturo Bris, Professor of Finance and Director of IMD World Competitiveness Center. \u201cIt is definitely a business school case study. Because it\u2019s about poison pills, breakup fees, lawsuits, hostility.\u201d<\/p>\n<p>While there are examples of acrimonious or hostile takeovers such as AOL-Time Warner and Sanofi-Aventis-Genzyme, here the world\u2019s richest man \u2013 who has long used his own Twitter account to press for more freedom of speech \u2013 is working to impose his will on another corporation.<\/p>\n<p>Musk\u2019s attempt to take over Twitter is \u201ca gift to professors and students\u201d, said Joshua White, a professor at Vanderbilt University, calling the situation \u201cunprecedented\u201d.<\/p>\n<p>UNIQUE STYLE <\/p>\n<p>\u201cFrankly I hate doing mgmt stuff,\u201d Musk wrote in a text message to Twitter Chief Executive Parag Agrawal in the run up to making an offer for the company, according to legal documents related to the battle.<\/p>\n<p>\u201cI kinda don\u2019t think anyone should be the boss of anyone,\u201d he wrote, while another message noted he could \u201cinterface way better with engineers who are able to do hardcore programming than with program manager\/MBA types\u201d.  <\/p>\n<p>While the messages reflect his unusual approach to running a business, taking control of Twitter will mean managing it, at least initially. Musk has said he would take the reins as CEO but only until he finds a new executive with expertise in the media industry.<\/p>\n<p>\u201cWhat is to come is unclear,\u201d said Donna Hitscherich, a Columbia Business School professor.<\/p>\n<p>Musk did not respond to a request for comment on the challenges of running the company after such a contentious deal. Twitter declined to comment.<\/p>\n<p>Academics and analysts say Musk should focus on restructuring the social media company\u2019s business model after second-quarter revenue dropped amid the court battle and a weakening digital advertising market.<\/p>\n<p>Musk has hinted at wanting to turn Twitter into what he called an \u201ceverything app\u201d like the wildly popular WeChat in China which offers everything from banking to chatting. That will be difficult, analysts said, especially in the United States where consumers are already well served by multiple services.<\/p>\n<p>Whether or how Musk pulls it off remains to be seen. What analysts and academics can agree on is that considerable energy and momentum could be sapped by what they forecast will be heavy turnover among Twitter\u2019s staff and senior management. <\/p>\n<p>Musk spent months criticising the company\u2019s management and complaining about salaries, what he perceived as political bias and automated \u2018bot accounts\u2019 \u2013 of which he thinks there are many more than Twitter estimates. <\/p>\n<p>Addressing employees directly in June, he said there needed to be \u201crationalisation of headcount and expenses\u201d while stressing that staff, who currently have relatively free rein to choose where they work, should lean towards working in an office. <\/p>\n<p>One thing is for sure: Musk is going to receive huge attention and scrutiny as he figures out how to run Twitter. Success or failure, it will be an instant business school classroom staple, experts say. <\/p>\n<p>\u201cI\u2019m really, really looking forward to the end,\u201d said Bris. \u201cSo I can teach this case in class.\u201d<\/p>\n<p> (Reporting by Andres Gonzalez, Svea Herbst-Bayliss and David Randall; additional reporting by Sheila Dang and Hyun Joo Jin;  Editing by Matt Scuffham, Megan Davies, Kirsten Donovan)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/musks-acrimonious-twitter-bid\/attachment\/file-photo-illustration-shows-elon-musk-photo-twitter-logos-and\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI98034-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI98034-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Andres Gonzalez, Svea Herbst-Bayliss and David Randall LONDON\/NEW YORK (Reuters) \u2013 Elon Musk\u2019s $44 billion Twitter takeover saga comes with all the drama necessary to be immortalised in case<\/p>\n","protected":false},"author":66,"featured_media":1889623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1680049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/business\/musks-acrimonious-twitter-bid\/?utm_source=rss&utm_medium=rss&utm_campaign=musks-acrimonious-twitter-bid","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1680049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1680049"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1680049\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889623"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1680049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1680049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1680049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}