The company said in a statement Thursday that it received Musk's updated proposal and "new information on potential financing" and said its board is "committed to conducting a careful, comprehensive and deliberate review."Musk, who owns about 9% of Twitter shares, indicated that he's exploring what's known as a tender offer in which he would try to get other shareholders to pledge their stock to him at a certain price on a certain date, bypassing the board.
CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing"Cyber Rodeo" grand opening party in Austin, Texas, on April 7, 2022. Musk's documents say that $13 billion in financing came from Morgan Stanley and the other banks. As much as $12.5 billion would be loans secured by Musk's Tesla stock, and he also committed $21 billion in direct or indirect equity, although he didn't disclose the source of those funds. The filing says that the equity commitment could be reduced by contributions from others or additional debt taken on.
Donkey board
🔥Fire at the oil depot in Bryansk, Russia. God bless Ukraine
The Man on the Spectrum wants to let covfefe back on twitter. He doesn't give a crap about 'free speech'. He (Man on the Spectrum) wants to have twitter dominated by disinformation and right-wing propaganda. Hopefully the board will keep on swallowing the poison pill.
Elon is up against Chinese commie government, Chinese communist government has planted spies in Twitter and Twitter board. Literally Twitter is controlled by chinese commies, and has become a conduit to implant censorship mindset into Americans, and an information war weapon.
He should buy Parler.....for 10 dollars.
DON'T MISS THIS ONE!
DON'T MISS THIS ONE!
He needs to invest in something because everyone of his Tesla cars have been recalled.
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Source: cleantechnica - 🏆 565. / 51 Read more »