Posted on 04/14/2022 4:17:59 AM PDT by bryan999
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.
“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.”
(Excerpt) Read more at cnbc.com ...
This could be interesting. I hope Musk already has a solid transition plan in place. He needs to clean house in the key decision making positions and be alert to employee sabotage at all levels. He also needs to be prepared for substantial employee turnover, which will be a benefit if he can create a solid feeder system for new hires. If he indeed wants to transform the company culturally, there is a real opportunity, but he will need to get the right people in place, and quickly. Musk is not one of us politically and culturally, but he is independent and a free thinker. He probably understands the importance of real diversity in the key positions, which would include a fair representation of conservative and libertarian viewpoints to keep the Overton window open. I hope he also understands that he needs to purge the woke totalitarians.
I wouldn’t doubt it.
Not sure if either Trump or Musk would be willing to give up control
If they reject, what are his options?
> If they reject, what are his options?
Dump his 9.4% share of the stock and watch the company’s value plummet.
I hate to see him making those pos richer my monifying their stock. Guaranteed they refuse the offer so he can go direct to stockholders so the leftest institutions and funds can vote no till an offer gets to high. Not beyond logic that some other bunch of lefties like google buy them. Amazing a US company bars a former president while allowing guys like Putin to post. IMO the leadership of this firm should be hanging on its flag pole for that.
Crisafulli was a longtime JPMorgan market opinion honcho:
The issue isn’t allowing Putin to post...
OK, he’s taking it private. That makes sense. Not really a hostile takeover.
I’m not sure there would be any left to fire - I think they’d quit or commit suicide before they’d work for Musk. The rest will be quivering puddles of mental jello. The employees needed a day of rest at the mere possibility of Musk being on the Board. Regardless of how many are or are not left, I think he would clean house, big time - some will try to stay to be saboteurs & he’s not going to spend that much money to have nasty woke wienies sink the ship.
Musk only needs to acquire 51% of Twitter common stock to effectively own Twitter. Then he can do either clean house by firing the CEO, Board of Directors and the VP’s and/or make Twitter a private company and buy out the remaining shareholders. No one can stop him since he owns the majority of stock and has a majority of stockholder votes.
Could you imagine a liberal being banned for life from his Twitter account? Suicide rates will skyrocket, mom and dad basements will fill up with Twits unable to Twitter, girls can be called girls, men can be called men, Democrats can be called Dementias, White can be Right once in a while, ALM can replace BLM, No Bail can be replaced with Jail and Jen Psaki can circle back right up her own Pooper.
Wow!!!!!! A NEW WORLD ORDER I can live with. GO BRANDON GO.l
I would love to see the texts, email, etc. they are sending. When do the therapy dogs arrive, or, is it still too soon for in person work yet?
Right now He’s a saint in my book. Clean up that cess pool.
This is hilarious. Go get them, Elon.
Mouton also has a good idea. Musk gets other lefties to start bidding. They drive the stock up. Musk exits with double his investment over the course of weeks.
He makes money. Like Simon Roth, he always makes money for his partners.
He said he may sell
Take it private and shut it down.
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