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Elon Musk offers to buy 100% of Twitter

Posted on 4/14/22 at 5:31 am
Posted by HeLeakin
Member since May 2014
3631 posts
Posted on 4/14/22 at 5:31 am
LINK

LINK

quote:



Musk is offering to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.” The proposal was delivered in a letter to Twitter on April 13th. Musk says Twitter needs to go private to go through the changes that need to be made.




Posted by Oilfieldbiology
Member since Nov 2016
41371 posts
Posted on 4/14/22 at 5:32 am to
Holy shite. He really is Batman.
Posted by 0x15E
Outer Space
Member since Sep 2020
14735 posts
Posted on 4/14/22 at 5:33 am to
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8786 posts
Posted on 4/14/22 at 5:33 am to
Dude definitely puts his money where his mouth is. Jesus.
Posted by RamblingNonsense
Member since Apr 2022
26 posts
Posted on 4/14/22 at 5:33 am to
Elons next press conference:



Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
136048 posts
Posted on 4/14/22 at 5:35 am to
That will set the sky screamers alit.
Posted by MSTiger33
Member since Oct 2007
21448 posts
Posted on 4/14/22 at 5:35 am to
The definition of FU money.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
136048 posts
Posted on 4/14/22 at 5:35 am to
Can he buy facebook next?
Posted by Barbellthor
Columbia
Member since Aug 2015
10843 posts
Posted on 4/14/22 at 5:51 am to
Elon is like a rich George Washington.
Posted by Swagga
504
Member since Dec 2009
18739 posts
Posted on 4/14/22 at 5:52 am to
What’s going to be funnier is if they don’t sell to him, he tanks the stock, and then starts a rival version of Twitter.


Either way, I’m more than happy to see the panic at Twitter HQ.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
19485 posts
Posted on 4/14/22 at 5:53 am to
This is legit.

Having a social media platform that isn’t super censored would be incredible
Posted by dewster
Chicago
Member since Aug 2006
26410 posts
Posted on 4/14/22 at 5:58 am to
Confirmed NYT reporting

Elon Musk offers to buy Twitter for $54.20 a share
quote:



“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,” Mr. Musk said in the letter to Mr. Taylor sent on April 13.

“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form,” he wrote. “Twitter needs to be transformed as a private company.”
Posted by Pat Sajak
New Orleans
Member since May 2009
755 posts
Posted on 4/14/22 at 5:59 am to
quote:

$54.20 per share


Lol
Posted by Asharad
Tiamat
Member since Dec 2010
6290 posts
Posted on 4/14/22 at 6:01 am to
quote:

$54.20 per share


Lol


Posted by dewster
Chicago
Member since Aug 2006
26410 posts
Posted on 4/14/22 at 6:02 am to
quote:

Having a social media platform that isn’t super censored would be incredible


He’s openly stated that Twitter doesn’t currently support free speech and their censorship is driving his decision. If they gave Nobel Peace prizes to non-progressives, he might have gotten one if he could transform Twitter into a free speech platform.
Posted by IT_Dawg
Georgia
Member since Oct 2012
26331 posts
Posted on 4/14/22 at 6:02 am to


I hope the total comes out to $42.0B
This post was edited on 4/14/22 at 6:05 am
Posted by member12
Bob's Country Bunker
Member since May 2008
33042 posts
Posted on 4/14/22 at 6:06 am to
I can’t wait to read Babylon Bee and Trump posts on Twitter from the UI screen of my new Tesla pickup truck.
Posted by member12
Bob's Country Bunker
Member since May 2008
33042 posts
Posted on 4/14/22 at 6:07 am to
quote:

What’s going to be funnier is if they don’t sell to him, he tanks the stock, and then starts a rival version of Twitter.


They have a fiduciary duty to shareholders that they’d be ignoring if they told Musk to pound sand. Don’t think they do that.
Posted by goofball
Member since Mar 2015
17337 posts
Posted on 4/14/22 at 6:08 am to
Musk is the only person in the world with $42 billion in cash that would do this. So glad he exists.

frick censorship!

Posted by Meauxjeaux
102836 posts including my alters
Member since Jun 2005
45866 posts
Posted on 4/14/22 at 6:08 am to
How much sabotaging would the nerds do an their way out of the company?
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