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Forum Overview
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American McGee's Honda Civic
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by blackwater 04/14/2022, 10:38pm PDT |
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Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private
Billionaire entrepreneur Elon Musk offered to take Twitter Inc. private in a deal valued at $43 billion, lambasting company management and saying he’s the person who can unlock the “extraordinary potential” of a communication platform used daily by more than 200 million people.
The world’s richest person said he’ll pay $54.20 per share in cash, 38% above the price on April 1, the last trading day before Musk went public with his stake. The social media company’s shares were little changed at $45.81 in New York on Thursday, a sign there’s skepticism that one of the platform’s most outspoken users will succeed in his takeover attempt.
Musk, 50, announced the proposed deal in a filing with the U.S. Securities and Exchange Commission on Thursday, after turning down the chance to take a board seat at the company. Musk, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4, making him the largest individual investor. Tesla shares fell about 3% on concern that the attempt to acquire Twitter will be a distraction for Musk.
Twitter said that its board would review the proposal and any response would be in the best interests of “all Twitter stockholders.” The board, which was set to meet to evaluate the proposal early Thursday, sees the takeover offer as unwelcome and will probably fight it, the Information reported, citing a person familiar with the matter.
In an interview at a TED conference on Thursday in Vancouver, Musk said he’s not sure he’ll succeed with the acquisition, and indicated that he has a Plan B if Twitter’s board rejects his offer. He declined to elaborate.
Twitter declined to comment on the board meeting or Musk’s comments at TED.
[Elon Muskiness intensifies]
I hope he pumps the stock up and then dumps it all.
Maybe he'll finally get rid of that homeless guy with the big beard who's been hanging out around the company HQ.
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Elon Musk's Twitter habit gets even more expensive by blackwater 02/27/2019, 2:53pm PST
Musk is garbage, look at this whinging baby by Tuey 12/27/2021, 9:13am PST
Congress members keep trying to throw him under the bus for by political advantage 12/27/2021, 8:20pm PST
SLURP SLURP SLURP by Randian bootlickers 12/27/2021, 11:46pm PST
My goodness you're an angry little elf NT by Merry Christmas! 12/28/2021, 12:03am PST
lol "How DARE a private citizen defend himself against slander from a govt entit by Don't you understand? He's RICH!" 12/28/2021, 4:03am PST
NFTs are bullshit. But the Boring company? THE FUTURE!!! by Theranos Investor 12/28/2021, 4:54am PST
Guys, tweets are slander, I know what words mean by Yaris 12/28/2021, 5:35am PST
Ah, the semantic argument by "How to know when you've lost" 12/28/2021, 4:58pm PST
Re: Ah, the semantic argument by Yaris 12/28/2021, 6:17pm PST
WHEN THE GOVT COMES KNOCKING I JUST SMILES AND DOES by WHATEVS THEY SAY 12/28/2021, 9:11pm PST
Re: WHEN THE GOVT COMES KNOCKING I JUST SMILES AND DOES by Yaris 12/28/2021, 9:20pm PST
Oh man, you're just a work of art by WHATEVS THEY SAY 12/28/2021, 9:49pm PST
Re: Oh man, you're just a work of art by Yaris 12/29/2021, 4:52am PST
Re: SLURP SLURP SLURP by Yaris 12/28/2021, 5:34am PST
Re: SLURP SLURP SLURP by Mysterio 12/28/2021, 6:34pm PST
Re: SLURP SLURP SLURP by WHATEVS THEY SAY 12/28/2021, 9:23pm PST
"Government officials shouldn't attack private citizens" says a guy that gleeful NT by ly voted for Trump twice 12/29/2021, 8:47am PST
Re: SLURP SLURP SLURP by WHATEVS THEY SAY 12/28/2021, 9:38pm PST
You fucking idiot by Mysterious Stranger 12/29/2021, 8:51am PST
He's paying more in taxes this year than any human since the invention of taxes by His being a POS is irrelevant 12/30/2021, 1:30am PST
It's total amount versus percentage, the percentage is laughably small by this discussion = dumb 12/30/2021, 8:04am PST
I'll give him credit for getting Starlink working in Ukrtaine. NT by Horus Truthteller 02/27/2022, 7:54am PST
He's an insipid moron. Go get duped. by Mysterio 04/10/2022, 1:42pm PDT
Oh noes the Tesla guy made fun of Twitter NT by Is nothing sacred?? 04/10/2022, 6:34pm PDT
I hate the Elon boot licker here NT by Go away 04/11/2022, 12:25am PDT
There are 10 (binary) kinds of people by Normal Elon haters and boot lickers 04/11/2022, 1:53am PDT
"Quit making fun of stupid people on this website" by Mysterio 04/11/2022, 11:03am PDT
Re: "Quit making fun of stupid people on this website" by Before you spout off 04/11/2022, 11:24am PDT
did he delete those tweets? NT by laudablepuss 04/11/2022, 12:20pm PDT
Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private by blackwater 04/14/2022, 10:38pm PDT
They really, really need to tax that cretin more. by Twitter is Stupid 04/15/2022, 6:43am PDT
Shithead banned remote work at Tesla today lolololol NT by short tesla 06/01/2022, 6:36pm PDT
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