Or, there is some other scheme afoot....Wouldn't put it past the Left.
Musk is buying the world’s biggest mouthpiece. The next question is whether he’ll actually change anything or will Twitter continue to censor conservative thought. I’m sure the libs working there will not even see the double-standard in their reviewing skills.
I’ll probably start using twitter again (for about a week and then get bored with it)’. I’m trying to cut back on my pointless internet arguments and juvenile trolling so I never used twitter that much anyway
Once Musk disclosed that the Board had few shares and interests weren’t aligned with shareholders they had no choice but to accept and recommend.
Twitter reportedly nearing deal to sell itself to Elon Musk
(CNN)Twitter is said to be nearing a deal to sell itself to Elon Musk, according to The New York Times and other outlets, 11 days after the Tesla and SpaceX CEO shocked the industry by offering to buy the company in a deal valuing it at more than $41 billion.
A deal could be finalized as soon as Monday, according to the Wall Street Journal. Twitter declined to comment on the reports.
Reports that a deal is imminent come after Musk revealed last week he had lined up $46.5 billion in financing to acquire the company. Twitter’s board met Sunday to evaluate Musk’s offer to buy all the shares of the company he does not currently own for $54.20 a piece, a source familiar with the deal confirmed to CNN. The source said that discussions about Musk’s bid have turned serious.
The potential sale agreement caps off a whirlwind news cycle that began less than a month ago, when Musk revealed he had taken a more than 9% stake in the company and ramped up calls for changes to the social media platform.
Excerpted: https://www.cnn.com/2022/04/25/tech/elon-musk-twitter-sale-agreement/index.html
Don’t expect this will cchange anything.
Why would he waste so much $$$$$ on shiTwitter? Doesn’t seem very smart at all.
” Wonder if the planned tender offer was the straw that broke the back.”
i think the recent revelation of massive financial backing of Musk by multiple biggies + a plethora of threatened lawsuits by shareholders did it ... some think a dismal upcoming quarterly financial report might contribute ...
The boards of Blackrock, Vanguard and State Street would have been in trouble if Musk shifted to the Tender option.