Twitter set to accept Elon Musk’s $43 billion buyout offer ...see update

a reply to: olaru12

1 billion dollars and a SEC investigation of Twitter.

originally posted by: JinMI
a reply to: olaru12

1 billion dollars and a SEC investigation of Twitter.

Elon better hope to God the SEC doesn't investigate him....pandoras can o worms....

a reply to: olaru12

Maybe.

I think he may have gotten some GI brownie points for sending Starlink into Ukraine though.

originally posted by: JinMI
a reply to: olaru12

Maybe.

I think he may have gotten some GI brownie points for sending Starlink into Ukraine though.

I wonder if the Ukrainians can access twitter thru Starlink? I love the smell of irony in the morning.

Update - Tuesday June 21, 2022

Elon Musk's purchase of Twitter has been unanimously approved by the Twitter board, a regulatory filing Tuesday shows. Shareholders still must vote on the proposed $44 billion deal.

In a virtual call with Twitter employees Friday, Musk reiterated his desire to acquire the social media platform, despite Twitter stock having considerably fallen below his offering price of $54.20 per share.

Continued at: www.newsmax.com...

originally posted by: Klassified

The move comes after Musk reportedly met with several shareholders over the weekend and outlined the specifics of his $54.20 per share bid for the social media platform, according to Reuters. Musk’s outreach forced the company’s board of directors to seriously consider the Tesla CEO’s $43 billion takeover bid, the report said.

Link
This is not a done deal. As the article points out the purchase could go south before it's over with. Twitter tried to get a "go-shop" deal which would have allowed them to accept other bids without having to pay Musk a "break-up" fee, but Musk didn't go for it. Also, many shareholders have encouraged the sale.

Although Musk buying twitter IS news, to me the real news is what has happened to bring us to this point. DeSantis put no small amount of pressure on twitter to accept the offer or be sued over their "poison pill" fiasco, and I have no doubt DeSantis isn't the only one. Trump may have his hand in this as well, among others working in the background...

It will be interesting to see the end result of all the wrangling done to make the deal and take twitter private.

 

UPDATE:

Elon Musk reaches deal to buy Twitter for $44 billion

October 4, 2022

It looks like Elon Musk is going to make Twitter part of his "Everything App".

Source: theconservativetreehouse.com...

Good or Bad?

a reply to: carewemust
Good question.

originally posted by: Klassified
a reply to: carewemust
Good question.

10/18/2022

Musk Twitter Purchase Update

Elon Musk says he now has a plan to remove most of Twitter's "BOT" accounts. He estimates that approximately 20% of all Twitter accounts are NOT human...but machine driven. A federal judge has given Elon Musk until October 28, 2022 to follow-through with his original purchase/acquisition agreement.

Full Story Here: www.foxbusiness.com...

MAJOR UPDATE - Thursday October 27, 2022

ELON MUSK HAS OFFICIALLY TAKEN CONTROL OF TWITTER.

Twitter's CEO and CFO have packed up and left the San Francisco Headquarters.

Source: www.washingtonexaminer.com...

originally posted by: randomuser

originally posted by: lordcomac
I wonder if he's considered renaming it?
Or, rather, I think they call it "re-branding" when you're that big.

Twitter is such a stupid name.

I heard he's going to make the dodgecoin dog as it's new icon:

I got a laugh. Actually remember writing this and had to go back in my posts to find it. Because I just logged into Twitter and what do I see?