Twitter

2022 - 4 - 26

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.

Twitter kicks off deal negotiations with Tesla boss Musk: Report (Aljazeera.com)

Twitter's decision to engage with Musk shows it is exploring whether a sale is possible on attractive terms: Reuters.

In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid. Short term-minded investors such as hedge funds want Twitter to accept Musk’s offer or ask for only a small increase, the sources said. Twitter has not yet decided if it will explore a sale to put pressure on Musk to raise his bid, according to the sources. Twitter is also looking into whether regulators in any of the major markets it operates would object to Musk owning the company, the source added. Musk’s insistence that his bid for Twitter is his “best and final” has emerged as a hurdle in the deal negotiations, the sources said. The company’s decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said.

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Twitter had originally enacted an anti-takeover measure known as a poison pill that could scuppor a takeover attempt by making it too expensive, but apparently decided to negotiate following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.”

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 'in talks with Musk to buy platform' (Malvern Gazette)

Twitter's board is negotiating with Elon Musk over his bid to buy the social media platform and a deal could be announced as early as Monday, according to media reports. Twitter and Mr Musk negotiated into the early hours of Monday over his bid to buy ...

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.

Twitter expected to accept Elon Musk's offer as users threaten to ... (Richmond and Twickenham Times)

Musk said last week that he has lined up 46.5 billion dollars (£36.2 billion) in financing to buy Twitter, putting pressure on the company's…

Or all post the same message?”, while many others have voiced they will leave the app if the deal were to go ahead. One user wrote: “Is there a way to demonstrate to the Twitter board - and Twitter advertisers - what a bad move this would be? Twitter expected to accept Elon Musk’s offer as users threaten to boycott