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Musk Will Have Absolute Control Over Twitter, Documents Show

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Elon Musk may be relying on outside investors to help finance his $44 billion purchase of Twitter. But that doesn’t mean he’s giving those investors a say in how the company is run.

A shareholders’ agreement prepared by Musk’s lawyers for equity investors shows that Musk will retain absolute authority over key decisions. He will have “sole discretion” to decide whether to pursue a sale of the company, an initial public offering or some other refinancing transaction involving the business, for instance. While Musk’s acquisition will make Twitter a private company, he indicated in text messages disclosed in recent court proceedings that he might eventually take it public again.

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