Elon Musk Twitter

2022 - 4 - 25

Post cover — Image courtesy of "Border Telegraph"

Twitter 'in talks with Musk to buy platform' (Border Telegraph)

Twitter's board and Tesla chief executive Elon Musk negotiated into the early hours of Monday over his bid to buy the social media platform, The New York Times has reported. Mr Musk said last week that he has lined up 46.5 billion dollars (£36.2 ...

Eventually he became CEO and led the company to astronomical success as the world’s most valuable car maker and largest seller of electric vehicles. It was sold to eBay for 1.5 billion dollars in 2002. So obviously there are some limitations on free speech in the US, and, of course, Twitter would have to abide by those rules”. Mr Musk said last week that he had lined up 46.5 billion dollars in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal. He used his share to create what would become PayPal, an internet service that bypassed banks and allowed consumers to pay businesses directly. It is unclear how much cash Mr Musk has.

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 expected to accept Elon Musk's bid to buy company (The Independent)

Twitter had originally enacted an anti-takeover measure known as a poison pill that could scuppor a takeover attempt by making it too expensive, but apparently decided to negotiate following an updated proposal from Mr Musk. The board apparently wants to ...

And she added: “Our concerns are not new. Start your Independent Premium subscription today. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders,” said Bret Taylor, Twitter’s independent board chair. In a statement the company said that the deal had “been unanimously approved by the Twitter board of directors” and that it was expected to close in 2022, if approved by shareholders. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Mr Musk said in the company statement. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

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.

Elon Musk closing in on Twitter as sources say it accepts £33bn bid (Metro)

But it seems like Musk, who already runs SpaceX and Tesla, will emerge victorious. Twitter is expected to announce the $54.20 (£42.54)-per-share deal later on ...

This deal would come just four days after Musk unveiled his financing package to back the acquisition. And, as a result of this latest news, Twitter’s shares were up to $51.15 in pre-market trading in New York on Monday. Musk, the world’s richest person, is negotiating to buy Twitter in a personal capacity and Tesla is not involved in the deal.

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."