Musk “wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer,” according to Reuters which quoted people familiar with the matter. “The company’s decision to engage with Musk… does not mean that it will accept his $54.20 per share bid,” according to Reuters. “It signifies, however, that Twitter is now exploring whether a sale of the company to Musk is possible on attractive terms.
The situation “remains fluid and fast-moving,” per The New York Times. The paper also said that that the discussions may come down to the price of the bid. Musk’s offer was a significant premium to the company’s stock price at the end of January, but still represents a large discount compared with the shares’ more than $60 apiece valuation through much of last year.Musk holds a stake, which is more than 9%, in Twitter. He has put together a $46.
haciendomovidas
goulcher Is there another app that’s like Twitter but not as much of a dumpster fire
Time to move back to tumblr again
The worst possible outcome for Twitter.
Damn place is about to become worse than normal.
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