Elon Musk Twitter takeover

“If They Say No, He Dumps His 9% Stake” – Denny Hamlin offers insight on Elon Musk’s Twitter takeover plan

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After reports of Elon Musk’s offer to buy Twitter, Joe Gibbs Racing detailed the move and what it means if the purchase doesn’t go through.

According to reports. the Tesla CEO made an offer of $41.39 billion (€37.92 billion), which amounts to $54.20 per share.

“Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

“My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” Musk said about his offer.

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Hamlin is of the opinion that this bold move will only suit Musk as he has 9% stake in the company and he will sell his stake if the move doesn’t go through.

“Elon out here playing chess with Twitter. He is forcing them to sell. If they say no he dumps his 9% stake at a huge gain and is first one out before the stock tanks because the sale doesn’t happen. Money moves,” Hamlin tweeted.

Brad Keselowski also commented on the matter, saying Twitter will become like MySpace if they say no to the offer.

After his first glory of the 2022 NASCAR Cup Series season, Hamlin would want to improve as the season progress. While he didn’t have to wait for the win like last season but in terms of overall performance, Hamlin has been very average, with the race at Richmond his only top 10 finish this season.

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