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What do you think of Elon Musk’s 9.2% Twitter buy-in?   The Online You: Internet Life

Started Apr-4 by Showtalk; 11208 views.
Msg 19 of 141 to WALTER784WALTER784 
In reply toRe: msg 18
Showtalk
Host

From: Showtalk 

Apr-19

Was this resolved yet?

 
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Msg 20 of 141 to Showtalkshowtalk 
In reply toRe: msg 19
WALTER784
Staff

From: WALTER784 

Apr-20

If it was resolved... you would see the red and green lines going up... but as of yesterday... they're not going up.

That means stockholders haven't bought into the lower priced shares the poison pill was offering.

FWIW

  • Edited April 20, 2022 1:19 am  by  WALTER784
 
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Msg 21 of 141 to Showtalkshowtalk 
In reply toRe: msg 19
WALTER784
Staff

From: WALTER784 

Apr-20

OK... it's the Babylon Bee... but it's still quite hilarious...

Twitter Employee Undergoes Therapy Over Elon Musk Takeover

FWIW

 
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Msg 22 of 141 to WALTER784WALTER784 
In reply toRe: msg 20
Showtalk
Host

From: Showtalk 

Apr-20

Twitter higher ups care more about controlling social media narratives than they do the health of their company.

 
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Msg 23 of 141 to Showtalkshowtalk 
In reply toRe: msg 22
WALTER784
Staff

From: WALTER784 

Apr-20

Yes... but their chances of success are slim to none without Elon Musk!

You saw the share prices dropping until Elon bought shares and then it went up just a tad bit.

If he sells all of his shares... those share prices will drop even lower than when he bought them.

They're basically poisoning themselves! (* CHUCKLE *)

FWIW

 
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Msg 24 of 141 to WALTER784WALTER784 
In reply toRe: msg 23
Showtalk
Host

From: Showtalk 

Apr-20

They nearly went under around ten years ago, maybe less. Somehow they pulled themselves together.  Will they do it again?  It seems like Musk is offering a lifeline. He’s not a conservative so why do they hate him so much?  He is liberal on a lot of issues.

 
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Msg 25 of 141 to Showtalkshowtalk 
In reply toRe: msg 24
WALTER784
Staff

From: WALTER784 

Apr-20

Showtalk said...

It seems like Musk is offering a lifeline. He’s not a conservative so why do they hate him so much?  He is liberal on a lot of issues.

No he's not a Conservative, but he believes in free speech.

And that's why they hate him so much. They are only about free speech for those who agree with them.

FWIW

 
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Msg 27 of 141 to Showtalkshowtalk 
In reply toRe: msg 26
WALTER784
Staff

From: WALTER784 

Apr-20

They are way over due for a major shake up at the top.

But I doubt their directors and current CEO see it that way.

FWIW

 
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Msg 28 of 141 to Showtalkshowtalk 
In reply toRe: msg 26
WALTER784
Staff

From: WALTER784 

Apr-21

Musk says he has $46.5B in financing ready to buy Twitter

by: Associated Press
Posted: Apr 21, 2022 / 08:04 AM PDT
Updated: Apr 21, 2022 / 08:04 AM PDT

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company.
 
Last week, Musk announced an offer to buy the social media company for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance the acquisition.
 
The Tesla CEO said Thursday in documents filed with U.S. securities regulators that he’s exploring what’s known as a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash. Under a tender offer, Musk, who owns about 9% of Twitter shares, would take his offer directly to other shareholders, bypassing the board.
 
But Musk hasn’t decided yet whether to do that.
 
The documents filed with the Securities and Exchange Commission say San Francisco-based Twitter Inc. has not responded to Musk’s proposal.
 
Last week Twitter’s board adopted a “poison pill” defense that could make a takeover attempt prohibitively expensive.
 
The filing states that “entities related to (Musk) have received commitment letters committing to provide an aggregate of approximately $46.5 billion.”
 
The financing would come from Morgan Stanley and other financial institutions. Some would be secured by stock that Musk owns in Tesla, the electric car and solar panel maker. Other banks involved include Barclays, Bank of America, Societie Generale, Mizuho Bank, BNP Paribas and MUFG.
 
Shares of Twitter were down slightly to $46.69 in Thursday morning trading after the financing became public. The share price is $7.51 below Musk’s offer.
 
Musk “is seeking to negotiate a definitive agreement for the acquisition of Twitter … and is prepared to begin such negotiations immediately,” the documents say.
 
With a tender offer, Musk would try to get other shareholders to pledge their stock to him at a certain price on a certain date. If enough shareholders agree, Musk could use that as leverage to get the board to drop the poison pill defense.
 
Musk signaled the possibility of a tender offer several times this week in tweets using the word “tender.”
 
A message was left Thursday seeking comment from Twitter.

Musk says he has $46.5B in financing ready to buy Twitter | KTLA

FWIW

 
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