Elon Musk Twitter

2022 - 4 - 25

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Post cover — Image courtesy of "Sky News"

Elon Musk's Twitter takeover expected to be agreed within hours (Sky News)

There is every chance that Twitter's board will have extracted an improved offer or terms from Elon Musk as an announcement on a deal is expected later on ...

According to the media outlet, both sides met on Sunday to discuss the proposal - and the social network "is more likely than before to seek to negotiate". Musk argues that the social network needs to be taken private in order to grow and become a genuine platform for free speech. He has offered to buy the social network for $43bn (£33.5bn) and placed the right to uphold free speech at the forefront of his argument for a deal, accusing Twitter of failing its users to date.

Why Twitter reconsidered Elon Musk's buyout deal (Quartz)

When Elon Musk offered to buy Twitter for $43 billion 10 days ago, the platform didn't welcome him with open arms. The Tesla and SpaceX CEO is in some ways ...

Among them is Ben Thompson, the writer of the popular newsletter Stratechery, who believes that Twitter should go private—even if that means a transformation engineered by Musk, which could mean less moderation and more acrimonious discourse, as well as a larger focus on subscriptions. Twitter’s board had to justify rejecting a generous offer, more than 10% above the company’s current stock price. On April 21, Musk said he has the funding to get this deal done quickly.

Twitter May Soon Announce It Really Is Selling Itself to Elon Musk (Daily Beast)

The Tesla mogul's $43 billion cash buyout looked Monday like it was going ahead.

Trump was banned after the Capitol riot and insurrection in 2021. However the stock rose 5 percent to $51.47 in pre-market trading Monday. Initially Twitter seemed poised to fight the takeover attempt with a “poison-pill” share offer that would have diluted Musk’s stake; however Reuters now says that the sale is likely to go ahead.

Twitter reportedly “set to accept” Elon Musk's offer to buy the company (Ars Technica)

Twitter's board of directors is reportedly on the verge of accepting Elon Musk's offer to buy the company, according to news reports. "Twitter is poised to agree a sale to Elon Musk for around $43 billion in cash" and "may announce the $54.20-per-share ...

Twitter needs to be transformed as a private company." Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added." The Wall Street Journal reported that "Twitter is in advanced discussions to sell itself to Elon Musk and could finalize a deal Monday," after "the two sides worked through the night to hash out a deal." in hopes that they could sway the company’s decision." Bloomberg similarly wrote that Twitter and Musk are "in the final stretch of negotiations... Reuters cited "people familiar with the matter."

Elon Musk Might Actually Buy Twitter, Like for Real (Gizmodo)

Twitter is gearing up to accept Musk's original $43 billion offer. Apparently he wasn't just trolling.

Musk first announced his offer to buy the social media company at around $54.20 per share on April 14. In premarket trading, they reached about $51.50 per share, but at the time of writing, had fallen to around $50.7. Although the deal is unconfirmed, both the Times and Reuters reported that sources tell them a deal could be finalized and made public later today. If Musk makes the purchase, Twitter would no longer be a publicly traded company, but instead, private. Important to point out though, it literally isn’t. The first amendment doesn’t protect anyone’s right to post on Twitter. Though Florida Governor, Ron DeSantis, seemingly doesn’t understand that. Any moment now, a deal between between Twitter’s 11-member board and Elon Musk could be announced.

Twitter's board said to be seriously considering Elon Musk's bid (Santa Rosa Press Democrat)

Twitter may be moving closer to a deal with Elon Musk. The board of the social media service met Sunday morning to discuss Musk's unsolicited $46.5 billion ...

On Saturday, Musk took aim at billionaire Bill Gates because Gates had taken a “short” position on the stock of Tesla, which meant that Gates was betting the carmaker’s shares would fall. In a securities filing that was made public Thursday, Musk detailed how he had put together financing from the investment bank Morgan Stanley and a group of other lenders, which were offering $13 billion in debt financing, plus another $12.5 billion in loans against his stock in Tesla, the electric carmaker that he runs. Twitter’s stock rose above $70 a share last year when the company announced goals to double its revenue, but it has since fallen to around $48 as investors have questioned its ability to meet those targets. Twitter also adopted a “poison pill,” a defensive maneuver that would prevent Musk from accumulating more of the company’s stock. The board of the social media service met Sunday morning to discuss Musk’s unsolicited $46.5 billion bid to buy the company, after he began lining up financing for his offer last week, two people with knowledge of the situation said. But his proposal was quickly dismissed by Wall Street because it was unclear if he could come up with the money to do the deal.