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Elon Musk offers to buy Twitter for $43 billion, so it can be ‘transformed as private company’
Cnbc ^ | 4.14.2022 | Samantha subin

Posted on 04/14/2022 6:24:03 AM PDT by libh8er

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at about $43 billion.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

According to Musk, the social media company needs to go private because it can “neither thrive nor serve” free speech in its current state.

“As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,” he wrote. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”


TOPICS: News/Current Events
KEYWORDS: elonmusk; elonmusktwitter; freespeech; musk; robertreich; searchworks; twitter
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1 posted on 04/14/2022 6:24:03 AM PDT by libh8er
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To: libh8er

Clean house, bring back Trump, get rid of the deadwood.


2 posted on 04/14/2022 6:25:51 AM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: libh8er

As I read this he’s getting out.


3 posted on 04/14/2022 6:26:06 AM PDT by Williams (Stop Tolerating The Intolerant)
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To: libh8er

this pretty much sums up the reaction on twitter right now

Liberals reaction if Elon Musk buys Twitter
https://rumble.com/v10y8lb-liberals-reaction-if-elon-musk-buys-twitter.html


4 posted on 04/14/2022 6:26:17 AM PDT by janetjanet998
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To: libh8er

LOL! Any libgressive heads a poppin’ at that offer?


5 posted on 04/14/2022 6:27:07 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: libh8er

I still wouldn’t use my real info on twitter. The place is so toxic and hate filled that it’s just a bad idea to imo.


6 posted on 04/14/2022 6:28:14 AM PDT by Houserino
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To: libh8er

Twitter board is meeting within the hour to discuss the offer per CNBC


7 posted on 04/14/2022 6:28:39 AM PDT by janetjanet998
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To: janetjanet998
1984 - the Two Minutes Hate
8 posted on 04/14/2022 6:30:24 AM PDT by Paladin2
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To: janetjanet998

9 posted on 04/14/2022 6:30:58 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: janetjanet998

Its trading at $48 right now.


10 posted on 04/14/2022 6:31:12 AM PDT by skeeter
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To: libh8er

I trust no one. If Musk actually does succeed in buying Twitter, the end result of actual free speech is TBD. I’ll believe it when I see it.


11 posted on 04/14/2022 6:32:32 AM PDT by maddog55 (The only thing systemic in America is the left's hatred of it!)
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To: Huskrrrr

If that happens, what happens to Truth Social?


12 posted on 04/14/2022 6:33:46 AM PDT by hardspunned (former GOP globalist stooge)
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To: skeeter

“Its trading at $48 right now.”

Does that mean that Elon Musk is selling? Or that he is buying in on all the loose shares now lying around?

Either strategy is filled with land mines.


13 posted on 04/14/2022 6:34:53 AM PDT by alloysteel (There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
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To: alloysteel

He will buy all shares at the offer price

it’s only 48 now because many think it will be rejected

if you like to gamble you could buy at 48 and cash out at 54 and make a quick 12%


14 posted on 04/14/2022 6:38:16 AM PDT by janetjanet998
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To: alloysteel

It means there’s an offer for $54, so if you buy at anything under $53.99, there is money to be made IF it happens.


15 posted on 04/14/2022 6:39:21 AM PDT by perfect_rovian_storm
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To: janetjanet998

Or buy $55 puts, and make a real fortune when the offer is denied.


16 posted on 04/14/2022 6:39:38 AM PDT by Vermont Lt
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To: maddog55

If musk buys Twitter outright, the result cannot be any worse than it is now, and I think that it will be a great deal better.

That said, I don’t see them selling under any circumstances, but maybe I’m wrong. Their business model probably isn’t great over the long-term. They’re having to sell optional paid memberships to make money now.


17 posted on 04/14/2022 6:39:45 AM PDT by MountainWalker
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To: hardspunned

It’s dead Jim


18 posted on 04/14/2022 6:40:02 AM PDT by janetjanet998
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To: libh8er

Even if he buys the company Musk might find it difficult getting and managing replacement employees to go along with his free speech policies.


19 posted on 04/14/2022 6:40:26 AM PDT by Starboard
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To: Huskrrrr

“bring back Trump”

I keep hearing Musk will need to generate capitol to pull this off....as in sell tesla stock or have investor help.

Wouldn’t it be beyond hilarious if that help was no other than DJT himself? Lol!


20 posted on 04/14/2022 6:40:39 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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