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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; 11349 views.
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

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

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

Showtalk
Host

From: Showtalk 

Apr-21

That was fast. A few days ago he didn’t think he could pull the money together fast enough.

WALTER784
Staff

From: WALTER784 

Apr-21

Well... he has it now and thus they cannot call his bluff and claim that he doesn't have the money!

And stockholders are considering more and more about his $54/share offer too.

FWIW

Showtalk
Host

From: Showtalk 

Apr-21

It will be interesting if he succeeds. Many may start using Twitter,

WALTER784
Staff

From: WALTER784 

Apr-22

Well, if they don't take his offer... they're toast... their stocks will only be worth $0.10/share.

FWIW

Showtalk
Host

From: Showtalk 

Apr-22

The company will die.

Showtalk
Host

From: Showtalk 

Apr-25

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