Elon Musk has an agreement to acquire Twitter for about $44 billion

FILE - Tesla and SpaceX CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin on Dec. 1, 2020. Musk says he has lined up $46.5 billion in financing to buy Twitter, and he’s trying to negotiate an agreement with the company. The Tesla CEO says in documents filed Thursday, April 21, 2022 with U.S. securities regulators that he’s exploring a tender offer to buy all of the social media platform’s common stock for $54.20 per share in cash.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” the 50-year-old Musk said, adding hearts, stars and rocket emojis in a tweet that highlighted the statement. Shares of Twitter Inc. rose more than 5% Monday to $51.70 per share. On April 14, Musk announced an offer to buy Twitter for $54.20 per share. While the stock is up sharply since Musk made his offer, it is well below the high of $77 per share it reached in February 2021.

Beyond that, though, he said he’d be “very reluctant” to delete things and in general be cautious about permanently banning users who violate the company’s rules. During his candidacy and presidency, Trump used Twitter as a powerful megaphone that enabled him to speak to the public directly, often using incendiary and divisive language on hot-button issues. He was permanently banned from the service in the aftermath of the Jan. 6 storming of the Capitol.

Some users said Monday that they were planning to quit the platform if Musk took it over. To which he responded on Twitter: “I hope that even my worst critics remain on Twitter, because that is what free speech means.” With initial concerns of its own about the deal, Twitter had enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive. But the board decided to negotiate after Musk updated his proposal last week to show he had secured financing, according to The Wall Street Journal.

Moogles

Go elon

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Elon Musk Agrees to Buy Twitter in $44 Billion DealBreaking: Twitter accepted Elon Musk’s bid to take over the company, giving the world’s richest man control over the influential social-media network That's how oligarchs work. The US is pretty close to becoming a copy of Russia AndyAuGustin once asked how Twitter would be profitable…we’re about to find out 🥲 Great but we need to hold to his word, free speech for all! Doesn't matter which side of the aisle you are on. Minimum rules, no hate speech and inciting violence! Twitter and other social media facilitators are not capable of determining 'misinformation'. At least so far!
Source: WSJ - 🏆 98. / 63 Read more »

Elon Musk to buy Twitter in $44 billion dealTwitter said Monday it has agreed to sell itself to Elon Musk in a roughly $44 billion deal that has the potential to expand the billionaire's business empire and put the world's richest man in charge of one of the world's most influential social networks. Guess I'll be deleting my account then. ☹️ Nice one Elon Donald Trump is coming back 😂🤲🏾 Y'all complaining can simply deactivate 😂 10,000 subscriptions bahahahahaha cnnplus
Source: cnni - 🏆 326. / 59 Read more »

Elon Musk acquires Twitter for roughly $44 billionThe company’s board and the Tesla CEO reached an agreement on his $54.20 a share bid. Goodbye Twitter Bezos & Gates on a conference call rn, getting ready for a flood of Twitter refugees if Elon let's the Nazis back. FBI US CONGRESS-ALREADY LEGALLY INFORMED-STATED TO THE HouseIntel & OversightDems-11/28/20-I will be taking all of the assets of the coalition of Civilized Nations and their loyalists.This was determined between 2003-2005.I.e.Rupert Murdoch,Mark Zuckerberg,Elon Musk,etc.-API🌅
Source: washingtonpost - 🏆 95. / 72 Read more »