Musk put out a bid that was higher than the current stock price. It doesn’t mean he thinks it’s worth that amount.
It’s the amount that forced the Board’s hand to go from Poison Pill to being worried about DeSantis and others suing.
Why is Musk risking an invocation of the disparagement clause?
I am not so sure he is going to buy Twitter. He can accomplish a lot without buying.
We will see what ends up happening but is nowhere near even a 90 percent chance this is a done deal.
It could blow up after he gets access to critical info.
For everyone that is spouting that twitter is worth 44 billion just step back and think about this for a minute.
Libs are in a panic over Musk buying Twitter.
Twitter adopted a poison pill strategy to prevent Musk from getting his hands on it.
They tried to find a White Knight to save them from shareholder lawsuits...like from DeSantis . NO ONE..and I mean NO ONE wants Twitter at 44 billion plus one dollar...even when libs are in a panic they can’t find a White Knight for it.
So SOLD to the highest bidder that they hate and are traumatized over.
It’s not worth 44 billion. Maybe Musk has a plan..maybe it’s a troll..or maybe he doesn’t care about 44 billion. Who knows. He is eccentric.
Whatever the case..so far...no wants this company at 44 billion but Musk