Will Twitter Accept Elon Musk’s Offer? Analysts Weigh In

Since Tesla CEO and SpaceX founder Elon Musk revealed that he offered to buy Twitter for $54.20 a share, or $43 billion, there have been conflicting thoughts about whether Twitter should accept the offer.

Most seem to believe that it is in Twitter's best interest to reject the offer, though still believe that Musk presents a threat to the social media company's established order.

Though he initially asked about starting his own social media platform, he now seems to think that owning Twitter might be worth his time in order to create a true "free-speech" platform.

"We believe Twitter will likely pursue the go-alone route for now which could achieve similar or higher share price long-term with improved execution," analysts with Raymond James told the Daily Mail.

Musk is the world's richest man, valued at $265.1 billion, but some have speculated whether he has enough cash to purchase Twitter since most of his wealth exists in shares of Tesla.

CNBC's Jim Cramer said that Twitter has"no choice but to reject" Musk's offer.

"If they say, ‘we accept,’ they’re phony. And they’re not phonies," he added.

Cramer also warned that personal liability could be at play if the board accepts Musk's offer.

Sometimes "individual directors are opened up for a level of lack of fiduciary that I think crosses the line. This crosses the line," Cramer believes.

If the board does not accept his proposal he could choose to try a more hostile takeover of the social media company. Musk told TED's Chris Anderson that he has the necessary funds to go through with the transaction and that there is a "Plan B" if his offer is rejected.

"Given the likelihood that Twitter's board will reject the offer, the question then becomes whether Musk would want to perform a hostile takeover of the company," said Jesse Cohen, a Senior Analyst at Investing.com.

However, given Musk's more recent troubles with the SEC, it is unclear how much they will allow him to get away with.

"I believe for the board, Musk is their worst nightmare. They accept the bid or go around the globe looking for another one," Wedbush analyst Dan Ives told Yahoo Finance.

However, many, including employees at Twitter, are uncomfortable with the potential direction Musk could take the company and there could be severe backlash should he buy Twitter.

There are also questions about whether Musk is truly serious about buying the company. He often asks his 81.7 million Twitter followers for their thoughts on the matter.

Twitter said on Thursday that it would "carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders."

The board was supposed to meet earlier on Thursday to discuss Musk's proposal but has yet to make any formal announcements about a decision.