Analysts said investors welcomed the news, although it was overshadowed by falling markets, driven by fears of the spread of coronavirus. “The most important thing from an investor perspective: Silver Lake is investing billions of euros on Twitter at a time when the market is in panic mode,” says Richard Greenfield, partner of LightShed, a technology and media research firm. Twitter has made it clear that the agreement between Silver Lake, Elliott and the company will result in new directors not being able to influence Twitter`s policies and rules and enforcement decisions. It`s probably about Elliott`s involvement – that of a man named Paul Singer, often described as a “mega-donor” for Republicans and Trumps, trying to use his investment to steer Twitter to the right of the political spectrum, or at least to make him more sympathetic. As part of the investment and cooperation agreement, Egon Durban, co-CEO and managing partner of Silver Lake, and Jesse Cohn, partner at Elliott, will be appointed to the Twitter Board of Directors. In addition, the Twitter Board will continue the process of identifying a third new independent director focused on candidates who reflect the diversity of Twitter service and who also have substantive technology and AI expertise. Jesse Cohn is a Partner of Equity, Senior Portfolio Manager, Head of U.S. Equity Activism and a member of the Management Committee of Elliott Management Corporation. Mr. Cohn`s primary responsibility is to manage U.S.
public and private actions. Mr. Cohn also focuses a lot of time on Elliott`s technology investments and is currently a director of eBay and Citrix, as well as many private companies. Mr. Cohn is a member of the Advisory Board of the Harvard Law School Program on Corporate Governance. Prior to Elliott, he worked in the investment division of Morgan Stanley. Mr. Cohn received his B.S. from the Wharton School of Business at the University of Pennsylvania, where he graduated.
Twitter is what`s going on in the world and what people are talking about. From news and entertainment to sports, politics and everyday interests, you can see every page of history. Join the open conversation. Watch the live broadcast events. The service is available in more than 40 languages worldwide and can be accessed via twitter.com, a set of mobile devices and SMS.