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-Great Cultural Revolution

Elon Musk places offer to buy twitter

2022-04-14

The Post also reports that "Under the terms of his initial agreement with Twitter, Musk would have received a board seat through at least 2024 and would be barred from acquiring more than 14.9% of the company. Without that deal in place, Musk is free to acquire a larger stake in the company and push for greater influence over its operations."

On Thursday morning, Musk stirred the pot a little more when he tweeted, "I made an offer."

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.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

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. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.

Posted by:DarthVader

#15 I'd like to see him buy it and ban everyone.
Just burn it to the ground.
Yeah, he won't do that but i'd love to see it. Twitter is vile.

Posted by: ruprecht 2022-04-14 22:19

#14 Can almost hear the Function Keys getting loaded with Colonialist Troll Twits.

Posted by: swksvolFF 2022-04-14 18:47

#13 With any luck, we will also get unpopular opinions from when Elon was 12.

The Biden/LSD DOJ will step in and stall the ownership using some legal tactic.

He is a white guy who lived in South Africa during apartheid, so he must be a raycist.

Posted by: Mullah Richard 2022-04-14 17:41

#12

The Biden/LSD DOJ will step in and stall the ownership using some legal tactic. Like placing EM under investigation for other stock-related transactions or something. Which will bar him from purchasing Twit until sometime after the Mid-Terms.

Posted by: NN2N1 2022-04-14 17:30

#11 ^ Ignore my previous comment.

Posted by: M. Murcek 2022-04-14 16:01

#10 Biggest shareholder, the Saudi sovereign wealth fund, said they won't play at that price. That takes the board off the hook.

Posted by: M. Murcek 2022-04-14 15:57

#9 Twitter board is in a tough spot if they reject the bid. It's substantially above the market price, and they and the company may be subject to shareholder lawsuits if the reject and don't have a better alternative.

Posted by: Nero 2022-04-14 15:47

#8 I see the democrats stepping in with some emergency legislation to 'save democracy' or some such bullshit.

Posted by: CrazyFool 2022-04-14 14:43

#7 Yeah, some unprovable sexual harassment claims and increased scrutiny from fedgov regulatory agencies over SpaceX expansion plans. With any luck, we will also get unpopular opinions from when Elon was 12.

Posted by: SteveS 2022-04-14 13:43

#6 I foresee a sexual harrasment or me too thingy coming out of the blue. Some merc bitch suddenly remembers Musk's inappropriate advances or something, old pics, character assassination. These are the only tools the Left has against airtight good guys.

Posted by: Dron66046 2022-04-14 13:26

Posted by: M. Murcek 2022-04-14 12:25

#4 Window jumpers, it's ok to hold hands on the way down. It's ok !

Posted by: Besoeker 2022-04-14 12:21

#3 The harder the left leans towards censorship the more I ask these two questions: What do they have to hide? Why should I trust anyone who is afraid of ideas?

Posted by: M. Murcek 2022-04-14 12:05

#2 It isn't just the "twatter" offices. All of corporate media is sweating out the prospect of information flowing freely.

Posted by: Abu Uluque 2022-04-14 12:02

#1 I wished I could see all the hissy fits being thrown in the twatter offices.

Posted by: Chris 2022-04-14 11:13

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