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After Buying Twitter, Elon Musk Now Announces To Buy Coca-Cola

Soon after buying Twitter, Tesla CEO Elon Musl is now planning to buy Coca-Cola and to put the ‘cocaine back in’, he said this in an announcement.
“Next I’m buying Coca-Cola to put the cocaine back in,” he said in a tweeted.

On Tuesday, Musk bought 100% stake in Twitter for worth $44 billion on $54.20 per share. The payment made was all in cash.

For past few weeks Twitter had been evaluating Musk’s buying offer. He had earlier said that the microblogging site has “extraordinary potential” and he wants to open it for all.

At first place, the Twitter board had enacted an anti-takeover measure knowns as poison pill that would have made the takeover prohibitively expensive. But when Musk gave his offer of worth $46.5 billion, no other bidders were emerged and the board then begin negotiations with him.

In the initial days of this month, Musk had bought 9.2% stake in the Twitter, which made him the second largest shareholder in the company after Vanguard with 10.3% stake in the company. Later, the Twitter CEO Parag Agrawal had even offered Elon Musk to join the board but the Tesla CEO denied. Since then, the tussle between Elon Musk and Twitter has been going on.

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