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Twitter set to accept Musk's original $43 bln offer
Reuters ^

Posted on 04/25/2022 7:04:29 AM PDT by Tench_Coxe

Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his "best and final" offer for the social media company, people familiar with the matter said.

Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.

(Excerpt) Read more at reuters.com ...


TOPICS: Miscellaneous; News/Current Events
KEYWORDS: musk; takeover; twitter
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To: Tench_Coxe

Awww, the poor snowflakes at twitter! They’re going to be crying their eyes out because that eeeevvvvil Musk is going to turn twitter into a free speech platform.


21 posted on 04/25/2022 7:19:16 AM PDT by I want the USA back (The further a society drifts from the truth, the more it will hate those that speak it.)
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To: devane617

Oh, I agree.

And I’m not optimistic, but the Sarbanes–Oxley Act exists to prevent that sort of thing. It’s kind of a big deal for a publicly traded company to say, “Oops, I guess we don’t have those records”.


22 posted on 04/25/2022 7:19:16 AM PDT by ClearCase_guy (It's hard to "Believe all women" when judges say "I don't know what a woman is".)
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To: ClearCase_guy

“..Because I don’t think Twitter is an ordinary company at all. Same with Facebook, Google, or MSM. Dark Money drives the whole shebang....”

They ALL met with Obammy once he usurped the POTUS.
There was even a pic floating around on the net of em all at that meeting. I suspect that was the meeting that laid out “the plan” that we’ve been seeing unfold.


23 posted on 04/25/2022 7:20:20 AM PDT by lgjhn23 (Pray for America....)
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To: ClearCase_guy
"But I am also interested in the simple questions about corporate accounting. Because I don’t think Twitter is an ordinary company at all. Same with Facebook, Google, or MSM."

Me too. I believe Operation Mockingbird was a real thing, and probably some form of it still is going on.

I'd argue the same about Amazon to an extent. Too many cozy tie-ins.

24 posted on 04/25/2022 7:20:35 AM PDT by Tench_Coxe
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To: Tench_Coxe

The talk on Maria Bartiromos show this morning inferred whatever happens its a win for Musk.....if they turn him down the prediction is the stock falls into the 20s.

I think he’s got ‘em over a barrel.....and it’s delicious 😋


25 posted on 04/25/2022 7:21:35 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: HighSierra5
My starting bid for CNN is a nickel.

Careful ... they might jump at it, and then you'd be stuck with CNN.

26 posted on 04/25/2022 7:22:30 AM PDT by Mr Ramsbotham ("God is a spirit, and man His means of walking on the earth.")
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To: HighSierra5

“..My starting bid for CNN is a nickel...”

Are there any more bids?
Going once.... Going twice..... SOLD!!!! to that person in the corner, HighSierra5. Congratulations!!!!


27 posted on 04/25/2022 7:22:36 AM PDT by lgjhn23 (Pray for America....)
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To: Tench_Coxe

Is the offer predicated on the previous stock price? Or is the offer lower now?


28 posted on 04/25/2022 7:22:43 AM PDT by dynachrome ("I will not be reconstructed, and I do not give a damn.")
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To: Tench_Coxe

Algo updates should be rolled back to the date prior to the tender offer and further changes embargoed until a trusted supervisor can be installed. Destructive updates must be short-circuited.


29 posted on 04/25/2022 7:23:13 AM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: devane617

I suspect one of Musks intentions is to expose the current algorithms.


30 posted on 04/25/2022 7:23:21 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: lurked_for_a_decade

You’re right.


31 posted on 04/25/2022 7:24:12 AM PDT by laplata (")
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To: HighSierra5

What a waste of a good nickel


32 posted on 04/25/2022 7:24:25 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave)
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To: janetjanet998

That offer was then. Here is your new offer...


33 posted on 04/25/2022 7:26:53 AM PDT by AndyJackson
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To: Tench_Coxe

Deep State will use the SEC to scuttle the sale...

Betcha.


34 posted on 04/25/2022 7:26:54 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Tench_Coxe
"It is always possible that the deal collapses at the last minute, the sources added."
35 posted on 04/25/2022 7:27:15 AM PDT by plain talk
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To: jcon40

Twitter has about 7500 employees.

Will be interesting to see what changes occur there.

___

I’m more thinking he’ll get sabotaged from within like Trump did.


36 posted on 04/25/2022 7:27:37 AM PDT by TiGuy22
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To: HighSierra5

You’re overpaying..


37 posted on 04/25/2022 7:28:01 AM PDT by GeorgiaDawg32
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To: mewzilla

“Deep State will use the SEC to scuttle the sale...

Betcha”.

For sure.


38 posted on 04/25/2022 7:28:15 AM PDT by laplata (")
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To: Midwesterner53

Let’s hope Elon is not a huge disappointment.

___

He’s an old fashioned liberal, but still a liberal. Tesla is about climate change, and he’s all in on it. He’s going to disappoint somewhere.


39 posted on 04/25/2022 7:28:38 AM PDT by TiGuy22
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To: Tench_Coxe

I’ll believe it when I see it.


40 posted on 04/25/2022 7:28:43 AM PDT by Bon of Babble (Rigged Elections have Consequences)
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