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Twitter accepts buyout, giving Elon Musk total control of the company
The Verge ^ | April 25, 2022 | Emma Roth and Russell Brandom

Posted on 04/25/2022 12:02:37 PM PDT by NoLibZone

Twitter has accepted Elon Musk’s offer to purchase the company for $45.5 billion, finishing days of contentious discussions between Musk and the company’s board.

In an SEC filing on Friday, Musk laid his plan for funding the deal, which includes $25 billion in loans and $22 billion in personal equity. Analysts believe the loans could cost Twitter as much as $1 billion a year in service costs, or roughly 20 percent of the company’s annual revenue.

Shortly after Musk announced the buyout plan, Twitter’s board instituted a “poison pill” measure, suggesting it intended to resist Musk’s buyout. It’s unclear what led to the company’s change of heart. A New York Times report on Monday described Twitter employees as divided by the news, receiving little information concerning the ongoing talks.


TOPICS: Extended News; News/Current Events
KEYWORDS: elonmusk; karenkaren; musk; twitter; twittertwitter
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“We did it Joe”
1 posted on 04/25/2022 12:02:37 PM PDT by NoLibZone
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To: NoLibZone

A master at work!

Time will tell just how much, but there’s a disturbance in the Force today...


2 posted on 04/25/2022 12:04:05 PM PDT by bigbob
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To: NoLibZone

BOOM! Shakalaka. Any reported demise of twits yet?


3 posted on 04/25/2022 12:04:14 PM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this? 😕)
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To: NoLibZone

4 posted on 04/25/2022 12:04:38 PM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: NoLibZone

It took a capitalist billionaire to institute a free speech on a progressive website


5 posted on 04/25/2022 12:05:42 PM PDT by NoLibZone (Ruling class noticed our total lack of pushback for how the election & Covid was handled.)
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To: bigbob

(there’s a disturbance in the Force today)

It’s just Rob Reiner freaking out.


6 posted on 04/25/2022 12:05:43 PM PDT by SaveFerris (The Lord, The Christ and The Messiah: Jesus Christ of Nazareth - http://www.BiblicalJesusChrist.Com/)
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To: NoLibZone

DOGEcoin is up 20%


7 posted on 04/25/2022 12:05:53 PM PDT by montag813
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To: NoLibZone

Is Trump back on?


8 posted on 04/25/2022 12:06:21 PM PDT by Born in 1950 (Anti left, nothing else.)
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To: NoLibZone

Excellent!


9 posted on 04/25/2022 12:06:40 PM PDT by Alvin Diogenes
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To: NoLibZone

I’m blown away impressed - and that never happens...


10 posted on 04/25/2022 12:07:19 PM PDT by GOPJ (MSNBC bimbos 'feel' companies that groom children shouldn't have to pay taxes.)
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To: Born in 1950

Trump said he would not be back on twitter no matter what happens.


11 posted on 04/25/2022 12:07:34 PM PDT by JoSixChip (2020: The year of unreported truths; 2021: My main take away from this year? Trust no one.)
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To: NoLibZone

Let’s see what happens...I’ve never done twitter...but it might happen.


12 posted on 04/25/2022 12:07:35 PM PDT by Sacajaweau ( )
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To: NoLibZone

Well, we’ll see what happens. If certain people are reinstated, such as one Donald John Trump, former and perhaps future US President, and if people’s followers aren’t still being stealth-eliminated, except for the ridding of actual bots, then I would be willing to rejoin.


13 posted on 04/25/2022 12:08:34 PM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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To: NoLibZone
It’s unclear what led to the company’s change of heart

Some initial thoughts?

The Board started to represent shareholders more and users/stakeholders less (the Board has a duty to shareholders not user/stakeholders);

The Board knows their financial results to be released this week are not so good;

I am hoping Musk takes apart the software enabled viewpoint discrimination at Twitter - and publicizes as such. Yes, Twitter will still be a sewer but it will be illuminating to see what was going on behind the curtain.

14 posted on 04/25/2022 12:08:59 PM PDT by Fury
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To: NoLibZone

I believe Twitter is run on AWS servers. So Bezos is actually in control.


15 posted on 04/25/2022 12:09:56 PM PDT by jroehl (And how we burned in the camps later - Aleksandr Solzhenitsyn - The Gulag Archipelago)
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To: NoLibZone

Now start firing people wholesale.

L


16 posted on 04/25/2022 12:10:10 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: montag813

“DOGEcoin is up 20%”

Up 10%. Down 70% from April.


17 posted on 04/25/2022 12:10:11 PM PDT by TexasGator (UF)
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To: NoLibZone

I don’t know if Musk is a good guy; I hope he is.

Regardless, I accept this as good news.


18 posted on 04/25/2022 12:10:51 PM PDT by jeffersondem
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To: NoLibZone

Big salute to Mr. Musk, one of the finest African-Americans in US history.


19 posted on 04/25/2022 12:11:17 PM PDT by MountainWalker
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To: Tolerance Sucks Rocks
one Donald John Trump, former and perhaps future US President

Make that:

one Donald John Trump, former and future US President

20 posted on 04/25/2022 12:11:17 PM PDT by SpokeshaveReturns (Spokeshave Returns)
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