Posted on 04/14/2022 4:37:33 AM PDT by JV3MRC
The world’s richest is officially launching his bid for a hostile takeover of one of the most censorship-obsessed Big Tech platforms in the country!
Bloomberg News reported that Tesla CEO Elon Musk is “saying the company has extraordinary potential and he will unlock it.” The value of the offer, according to Bloomberg, amounts to a whopping $43 billion. Musk announced the move in a filing with the U.S. Securities and Exchange Commission. Musk tweeted April 14, “I made an offer.”
This follows Musk’s cryptic rejecting of a seat on Twitter’s board of directors after his purchase of a massive 9.2 percent stake in the platform. CNBC reported recently that “[i]f Musk had joined the board, he would not be able to acquire more than 14.9% of the company’s shares.” He apparently wasn’t satisfied with the shareholder cap and is now looking to buy up the outstanding stock to control the entire platform.
(Excerpt) Read more at newsbusters.org ...
It’s publicly traded. He can buy all the shares he wants from willing buyers and vote everyone out. Once he gets to 50.1% it’s moot.
More like sack the super woke far left crazies in the censorship department. They are of no use to anybody.
That would be awesome.
That’s the 43 Billion Dollar Question.
He’s offering a price to buy it out way over what it is going for right now.
From an investment standpoint, what is Twitter really worth? They have no tangible assets, just a forum for people to chat about stuff.
Trump is having a tough time getting his platform up and running. Lots of bugs but it is making progress. For lots less money. Still in Beta, not ready for Prime-Time.
Or maybe Musk is just throwing a high offer out knowing that it will be rejected. Just monkeying with the fish. Lots of worms in the water knowing that they won’t bite. I suspect that that’s what he is doing.
Again, Twitter really doesn’t have much real value, plus Musk, if he took it over, would have to deal with all of those Libs who now work for it and would never work for him. Those Libs would leave programing time-bombs that would cause the platform to crash. They would never follow Musk’s directives. All new hires. The algorithms are already written to cancel out Conservative comments.
Can’t change the Libs mind-set nor get them to change the programing. So from a business standpoint, there is no way that Musk would really buy this thing. Sort of like buying some of those Chinese “Ghost” cities that were built, knowing that they were built with “Chinese” materials and labor. Pre-programed to crash.
Hopefully not. Competition in a free open market is the only to sustain good behavior from all participants.
“$54Trillion, in Biden dollars”
54 Trillion Biden bucks would buy a can of tuna.
or this is a tactic to drive up the price so he can dump his stares for a quick profit before exiting entirely.
Heck...I might even finally get a Twitter account.
All hail Elon!
“not an accountant”
Me either....I had to look it up. :^)
The reptile Carl Icahn has made a career of this type of hostile takeover. He swoops in to force the board to take a course of action and the board may rush to another company so it can be acquired by a friendly company.
Gannett tried to acquire the Tribune company the exact same way about 3 years ago and Tribune put up every roadblock possible since it wanted to stay independent. They bickered publicly and after a year or so of trying to go around the legal roadblocks of trying to purchase all the shares, Gannett gave up and went away, This is why it's a hostile takeover.
First thing should do is let Donald Trump back
That would cause leftard heads from coast to coast to explode
The reporting on this is breathless and horrible. It appears Musk wants to buy all outstanding shares and take it private. Makes sense.
Once he gets past 50 percent, it’s moot anyway for the current board and CEO. Greed dictates that once the writing is on the wall even the most hard-bitten pedophile leftist will sell their shares at a premium and move on to ruin something else and defile children some other way (they can always find jobs with Disney).
I believe that's exactly what happened to Trump.. Maybe the "The Spoils System" is the way to go after all..
https://www.thoughtco.com/the-spoils-system-1773347
More likely to promote banning Musk from financial transactions.
Love it. Elon putting some of his 278 billion dollar FU money to work. I would not be surprised if there were growing calls to draft him to run for President. It would be the country’s first remote worker Presidency with the oval office housed in the bedroom of the new White House that is his single wide trailer near the unpopulated rural Tex Mex border. His Presidency would best be likened to an autistic eccentric rich monk running the world. We need one of those running things. Can’t be any worse than what we have now. lol
Good software engineers are very hard to find.
Musk could have a new company with no one to employ.
It’s a common financial term.
I like it!
But in hindsight, Trump would have had to fire the entire staff of all the “alphabet agencies”.
And more!
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