Elon Musk Launches $43 Billion Hostile Takeover of Twitter

Bloomberg2022-04-14

Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.The world’s richest man will pay $54.20 per share in cash, ...

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Bentofighter
·2022-04-17
Buy
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JCai
·2022-04-17
K
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Ah Deck
·2022-04-15
Will he get it ?
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1
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Benny76
·2022-04-15
Grab your popcorn this is about to get good.
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jgaldon
·2022-04-15
Wow!
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2
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ToTheSun0000
·2022-04-15
If Elon buy everyone win. If elon withdraw, everyone will bleed.
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1
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sunrise87
·2022-04-14
buying Twitter with all my margin
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3
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holypigs
·2022-04-14
👌🏻
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1
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sunrise87
·2022-04-14
your best chance to arbitrage now!
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1
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ACCY
·2022-04-14
Tweet tweet 🥳🥳
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Guavaxf30
·2022-04-14
Rule number one : Every Elon Musk news, sell on the release.
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SteadyDoesIt
·2022-04-14
Perhaps
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LiliMe
·2022-04-14
Why Twitter?
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Tanyl
·2022-04-14
This action will bring up Twitter
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3
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Rajk
·2022-04-14
Let market to open and see the reactions
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lyokel
·2022-04-14
Haha
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1
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Le66ad
·2022-04-14
👍🏻
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1
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KCKHOO
·2022-04-14
Ok
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Winyss10
·2022-04-14
latest
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DKim
·2022-04-14
Great
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The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet.Musk can afford a takeover of Twitter. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. 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He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.The offer letter was disclosed in an SEC filing. Here is the letter:Bret TaylorChairman of the Board,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.However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.Twitter has extraordinary potential. I will unlock it./s/ Elon MuskElon Musk","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9083453356,"gmtCreate":1650157400730,"gmtModify":1676534657623,"author":{"id":"3583478720415511","authorId":"3583478720415511","name":"Bentofighter","avatar":"https://static.tigerbbs.com/3d3b444e1397cd8d1ec1b18c5c8c5db5","vip":1,"crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3583478720415511","idStr":"3583478720415511"},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083453356","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9083584695,"gmtCreate":1650148217023,"gmtModify":1676534654439,"author":{"id":"3574897713454581","authorId":"3574897713454581","name":"JCai","avatar":"https://static.tigerbbs.com/a4408059854d4abfa5d3e8513d447a16","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3574897713454581","idStr":"3574897713454581"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083584695","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089639665,"gmtCreate":1649986347398,"gmtModify":1676534622203,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"4098445225447010","idStr":"4098445225447010"},"htmlText":"Will he get it ?&nbsp;","listText":"Will he get it ?&nbsp;","text":"Will he get it ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089639665","repostId":1136258892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089156972,"gmtCreate":1649977505857,"gmtModify":1676534618349,"author":{"id":"4111531017011072","authorId":"4111531017011072","name":"Benny76","avatar":"https://community-static.tradeup.com/news/3afce9e43755d8dba2553644b6316367","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4111531017011072","idStr":"4111531017011072"},"htmlText":"Grab your popcorn this is about to get good.","listText":"Grab your popcorn this is about to get good.","text":"Grab your popcorn this is about to get good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089156972","repostId":1136258892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089161450,"gmtCreate":1649975465251,"gmtModify":1676534617773,"author":{"id":"3585783151794537","authorId":"3585783151794537","name":"jgaldon","avatar":"https://static.tigerbbs.com/7ac1bf876c504881c7cc0ca4968b92bb","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3585783151794537","idStr":"3585783151794537"},"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089161450","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089199179,"gmtCreate":1649964084881,"gmtModify":1676534616668,"author":{"id":"3577330851763964","authorId":"3577330851763964","name":"ToTheSun0000","avatar":"https://static.itradeup.com/news/d9efa26d1020f421dd5d2f8cfab0545e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577330851763964","idStr":"3577330851763964"},"htmlText":"If Elon buy everyone win. If elon withdraw, everyone will bleed.&nbsp;","listText":"If Elon buy everyone win. If elon withdraw, everyone will bleed.&nbsp;","text":"If Elon buy everyone win. If elon withdraw, everyone will bleed.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089199179","repostId":1136258892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089301865,"gmtCreate":1649949600994,"gmtModify":1676534613986,"author":{"id":"3558046595933216","authorId":"3558046595933216","name":"sunrise87","avatar":"https://static.tigerbbs.com/15270cdc1aad0b8d9a90cf20c56cbaf0","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3558046595933216","idStr":"3558046595933216"},"htmlText":"buying Twitter with all my margin","listText":"buying Twitter with all my margin","text":"buying Twitter with all my margin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089301865","repostId":1136258892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089303806,"gmtCreate":1649949560872,"gmtModify":1676534613971,"author":{"id":"3584332891434953","authorId":"3584332891434953","name":"holypigs","avatar":"https://static.tigerbbs.com/f02890993c798b70726327f525fc4f3f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584332891434953","idStr":"3584332891434953"},"htmlText":"👌🏻&nbsp;","listText":"👌🏻&nbsp;","text":"👌🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089303806","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089303328,"gmtCreate":1649949527343,"gmtModify":1676534613961,"author":{"id":"3558046595933216","authorId":"3558046595933216","name":"sunrise87","avatar":"https://static.tigerbbs.com/15270cdc1aad0b8d9a90cf20c56cbaf0","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3558046595933216","idStr":"3558046595933216"},"htmlText":"your best chance to arbitrage now!","listText":"your best chance to arbitrage now!","text":"your best chance to arbitrage now!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089303328","repostId":1136258892,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089969159,"gmtCreate":1649945144301,"gmtModify":1676534612701,"author":{"id":"3579758808989513","authorId":"3579758808989513","name":"ACCY","avatar":"https://static.tigerbbs.com/a44626552831eb06aa01cf85dcaf7422","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3579758808989513","idStr":"3579758808989513"},"htmlText":"Tweet tweet 🥳🥳","listText":"Tweet tweet 🥳🥳","text":"Tweet tweet 🥳🥳","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089969159","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089913978,"gmtCreate":1649943489537,"gmtModify":1676534612224,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf30","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3576140222331577","idStr":"3576140222331577"},"htmlText":"Rule number one : Every Elon Musk news, sell on the release.","listText":"Rule number one : Every Elon Musk news, sell on the release.","text":"Rule number one : Every Elon Musk news, sell on the release.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089913978","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089938838,"gmtCreate":1649942948016,"gmtModify":1676534612006,"author":{"id":"4087620073091560","authorId":"4087620073091560","name":"SteadyDoesIt","avatar":"https://static.tigerbbs.com/ab599edb0711e3b18e0dda8931ea8e4a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087620073091560","idStr":"4087620073091560"},"htmlText":"Perhaps","listText":"Perhaps","text":"Perhaps","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089938838","repostId":1136258892,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9089939702,"gmtCreate":1649942659885,"gmtModify":1676534611943,"author":{"id":"4099622722860440","authorId":"4099622722860440","name":"LiliMe","avatar":"https://static.tigerbbs.com/4202d921353cc8edc625e395870b44a6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4099622722860440","idStr":"4099622722860440"},"htmlText":"Why 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