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-Short Attention Span Theater-
It's All Over but the REEing
2022-04-26
[Powerline] BlogReuters’ Greg Roumeliotis has reported within the past few minutes:

Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his "best and final" offer for the social media company, people familiar with the matter said.
How many Twitterites will quit?
Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.
The shareholders would be nuts to turn down this deal.
Musk, the world’s richest person according to a tally by Forbes, is negotiating to buy Twitter in a personal capacity and Tesla is not involved in the deal.

Twitter has not been able to secure so far a ’go-shop’ provision under its agreement with Musk that would allow it to solicit other bids once the deal is signed, the sources said. Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.

Complete with the marijuana joke embedded in the share price...let the meltdown begin.
Posted by:Deacon Blues

#14  Maybe Musk will make money because the woke, pain-in-the-ass deadwood will be departing.
Posted by: JohnQC   2022-04-26 15:33  

#13  I think it's more about buying some insurance that there's still a USA to sell Teslas and SpaceX rocket launches to.
Posted by: M. Murcek   2022-04-26 15:00  

#12  OK, here's the thing. Musk won the bid by getting over $25bil in support from Morgan Stanley and other banks. Banks, as a rule, aren't terribly impressed your principles. They like to see a positive cash flow. And Twit hasn't been terribly profitable.
Now, at some point, Musk has told them, "You know I'm good for it."
I also note that Tesla stock trended down thru this. I'm wondering if maybe he's decided to sell off Tesla and go on to the next shiny thing...
Posted by: ed in texas   2022-04-26 14:55  

#11  Kek
Posted by: Rex Mundi   2022-04-26 14:38  

#10  Your right, Tom

/That hurt
Posted by: Frank G   2022-04-26 11:36  

#9  :-)
Posted by: trailing wife   2022-04-26 11:09  

#8  And hats off to trailing wife for correct usage of both "principle" and "principal" in the same sentence! A rare achievementin this illiterate age.
Posted by: Tom   2022-04-26 10:45  

#7  His chances of making money on it are directly proportional to his lack of wokeness.
Posted by: M. Murcek   2022-04-26 10:37  

#6  He has said this is a matter of principle, ed, so perhaps he isn’t thinking of principal this time. At a certain point one has enough money, as someone said, and other parts of his conglomerate are apparently finally throwing off profits.
Posted by: trailing wife   2022-04-26 10:02  

#5  My question is, How does Elon Musk think he's gonna make money out of this?
He didn't get to be that rich by blowing cash on losing propositions. He must see something renumerative in the distance.
Posted by: ed in texas   2022-04-26 09:57  

#4  How many Twitterites will quit?


The same number that moved to Canada in 2016. They can't quit. They are addicts.
Posted by: DarthVader   2022-04-26 09:48  

#3  
How many Twitterites will quit?

Willing to bet 2.5x's more will join.
Posted by: NN2N1   2022-04-26 09:37  

#2  The meltdowns are going to be epic today.
Posted by: Chris   2022-04-26 09:31  

#1  fyi, the marijuana joke is that april 20 is 'marijuana day'

april 20 = 4.20
Posted by: Lord Garth   2022-04-26 08:44  

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