Re:Twitter plans to comply with Musk’s demands for data
by kmonsen on Friday June 10, 2022 @01:30AM
(#31690409)
The board doesn't want to sell to Elon at any price, but the shareholders told them their opinion was not very important as Elon's price was higher than anyone thought the company was worth at the time. Now there is no question that price was way too high.
They didn't want to be the target of a pump and dump. And they didn't want a bunch of distracting rumors from a takeover bid with no financing. As soon as Elon put financing together they said "yes" pretty quickly.