How did it go from hostility to acceptance so quickly? I understand playing hard-ball to negotiate a higher price, BUT why play hard-ball and just accept the initial offer?
Or is there something else at play (maybe expectation is that shareholders reject it?) and this is just a PR ploy.
It seems very likely to me there's a whole backroom drama at work here that we're just not hearing about. I strongly suspect the full story involves Jack and his departure, for example.
He said previously he had no confidence in Twitter management. Implication: Heads would roll like crazy after his purchase. Maybe he did something to reassure them.
possibly the actual financing details made the offer seem real, recent market downturn makes the value of twitter less, or they didn't get any other better offers.
Or is there something else at play (maybe expectation is that shareholders reject it?) and this is just a PR ploy.