What you need to know
- Incoming Twitter owner Elon Musk reportedly agreed on a change in financing for the buyout plan.
- Musk is said to want Twitter co-founder Jack Dorsey to remain involved.
- Other big shareholders are giving their shares to the buyout.
Jack Dorsey could be back at Twitter once Elon Musk completes his buyout of the company, according to reports. Dorsey co-founded Twitter and acted as its CEO until relatively recently.
Tesla CEO Elon Musk is in the middle of a $44 billion buyout of Twitter that will take the company private. But it appears that Musk is already sounding out Dorsey for a potential role at the company once things are done and dusted. The Hollywood Reporter notes that Musk is talking to Dorsey and others about the possibility of hanging around as investors.
The news comes as Musk also reworks the finance of the $44 billion deal. THR reports that an SEC filing has listed 19 investors that are committing shares to the deal. That, in turn, will mean that a $12.5 billion loan Musk received in order to buy Twitter will now be reduced to $6.25 billion.
Musk's buyout of Twitter will take it private, giving him the power to control how the company is run and the features that it offers. Musk has been vocal about his belief that Twitter isn't doing some things correctly and has spoken before about what he feels are issues with content moderation and its impact on what he calls free speech.
Whether the move to keep some existing investors on board will help ease the worries of some Twitter users isn't clear — Musk will surely still have the final say on anything Twitter does moving forward, regardless of this latest news.
Oliver Haslam has written about Apple and the wider technology business for more than a decade with bylines on How-To Geek, PC Mag, iDownloadBlog, and many more. He has also been published in print for Macworld, including cover stories. At iMore, Oliver is involved in daily news coverage and, not being short of opinions, has been known to 'explain' those thoughts in more detail, too.
Having grown up using PCs and spending far too much money on graphics card and flashy RAM, Oliver switched to the Mac with a G5 iMac and hasn't looked back. Since then he's seen the growth of the smartphone world, backed by iPhone, and new product categories come and go. Current expertise includes iOS, macOS, streaming services, and pretty much anything that has a battery or plugs into a wall. Oliver also covers mobile gaming for iMore, with Apple Arcade a particular focus. He's been gaming since the Atari 2600 days and still struggles to comprehend the fact he can play console quality titles on his pocket computer.
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