Update: Elon Musk Announces He Has ‘Plan B’ If Twitter Acquisition Bid Fails

✪ Elon Musk claims he has a Plan B if his offer to buy Twitter goes sideways; but for now, he’s keeping it to himself…

On Thursday, Musk spoke at the TED2022 Conference in Vancouver, British Columbia hours just after the financial and technology worlds were hit with the historic news that the Tesla and SpaceX CEO was moving to buy the social media giant & then take it private. “I could technically afford it,” Muske commented to The Washington Post.

“I do think this will be somewhat painful, and I’m not sure that I will actually be able to acquire it.”

Musk, 50, is Twitter’s largest individual shareholder, with a more-than 9 percent stake. He has begun a $43 billion bid for a hostile takeover of the company.

Chris Anderson of TED asked Musk about a “Plan B” if his current offer to buy up Twitter’s shares is rejected. “There is,” Musk replied, according to CNBC. However, he did not elaborate any further.

Twitter’s board is currently considering Musk’s offer until Monday. Musk, who is estimated at a net private worth of more than $250 billionIs the richest human being on the planet.

“Taking Twitter private at $54.20 should be up to shareholders, not the board,” he tweeted, giving Twitter users the option to vote yes or no on his idea.✪