Related video: These are the members of the Twitter board who are fighting against Elon Musk’s offer to take over
Twitter is reportedly ready to accept Elon Musk’s offer to buy the company for $ 54.20 per share.
The deal could be reached today if negotiations go smoothly, Bloomberg reported.
Mr Musk is reportedly in talks with partners to help with the acquisition, as well as with co-investors.
It was announced last week that Morgan Stanley and other financial institutions were behind the billionaire.
Twitter’s stock price jumped three percent today as a result of the news, but the deal would still be less than the one that Twitter has been trading for at least a year.
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In the way Mr. Musk explains it, these donations don’t really show much about his personal beliefs. Instead, he describes them as simply the cost of doing business in America.
“In order for your voice to be heard in Washington, you have to make a small contribution,” he told the Huffington Post in 2013. But … I didn’t find Washington as corrupt as many people think. which means it’s not as coin-operated as some people might think, and I’m actually very grateful for that, because if it were, we’d have zero chance. “
Adam Smith April 25, 2022 5:00 p.m.
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Musk posted a mysterious tweet
Elon Musk has just tweeted the elusive statement: “And be my love in the rain.”
This is probably a reference to a poem by Robert Frost, a song about a storm with lines.
The next paragraph reads:
The birds have less to say about themselves In the torn despair of the forest world From now on these countless years the elves, Although they are no less there: The whole song of the woods is crushed like some wild, easily broken rose. Come, be my love in the wet forests; come where the branches rain when it blows.
Adam Smith April 25, 2022 16:44
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What is Elon Musk’s policy?
Elon Musk has said he wants to stay out of politics, but has criticized the US government.
The exact policy of the 50-year-old can be difficult to determine. He has often donated to both Democrats and Republicans, declaring himself “moderate”, “socialist” and “socially liberal and fiscally conservative” in various ways.
According to data collected by the Open Secrets for non-profit lobbying, Elon Musk has given a total of $ 1.2 million to politicians, parties, political action committees (PACs) and 2002 referendum campaigns.
The money went almost equal to $ 542,000 for Democrats and $ 574,500 for Republicans, with another $ 85,000 going to two broad-wing referendum campaigns in California. The balance fluctuates over the years: in 2006, 2013 and 2017, it donated mostly to Republicans, while in 2015 it donated exclusively to Democrats.
(The Independent)
Adam Smith April 25, 2022 4:30 p.m.
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If this deal is made, it will be one of the biggest buyouts in corporate history
Adam Smith April 25, 2022 16:03
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Twitter is ready to accept the deal
Twitter will agree to sell Elon Musk for $ 43 billion in cash, Reuters reports.
This may be announced later Monday, after its board meets to recommend the deal to shareholders on Twitter, according to unnamed sources.
Twitter cannot ask for other offers once the deal is signed, but will be able to accept an offer from the other side if it pays Mr Musk a break-up fee.
Adam Smith April 25, 2022 16:02
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What would Twitter look like under Elon Musk?
Mr Musk, a well-known user of the service, is well known for his belief in absolute freedom of speech and suggests that he does not believe Twitter is adhering to its principles.
However, in an era of increasingly polarized online discourse and intense control by social media over social media, it is assumed that more needs to be done to protect consumers from harmful content while avoiding full censorship, a change in Twitter triggered by Mr Musk to loosen the rules. around the speech of the site can create more problems for the company.
“Sowing the seeds of freedom of speech is one thing, but let’s not forget that Elon’s view of mere expression has been seen as reckless by regulators in the past,” said Dan Lane, a senior analyst at Freetrade. for investment and stock trading. .
Adam Smith April 25, 2022 4:00 p.m.
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“Twitter has become something of a de facto town square. So it’s really important that people have both the reality and the perception that they can speak freely within the law, “he said.
Twitter has significantly fewer users than Facebook, YouTube or Instagram, but often posts headlines because of its connection to traditional media.
Adam Smith April 25, 2022 3:30 p.m.
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In an interview with Chris Anderson, Mr. Musk said that Twitter is “bound by the laws of the country in which it operates, so there are obviously some restrictions on freedom of speech in the United States and, of course, Twitter will have to abide by those rules.” .
But he said it was “quite dangerous” for the tweets to be mysteriously raised and lowered and to have a “black box algorithm”.
Adam Smith April 25, 2022 3:00 p.m.
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Why is Elon Musk interested in Twitter?
Mr Musk said Twitter was fulfilling its potential as a “platform for free speech”.
He insisted he was not interested in making money on Twitter, and said on Thursday that his motivation came from realizing that “having a public platform that is highly trusted and inclusive is crucial to the future of civilization.”
Mr Musk described himself as an “absolutist of freedom of speech” and said in a recent interview that a social media company should only be regulated by the laws of the country in which it operates.
However, this would allow for much more unpleasant speech – including hate speech and deception – if applied.
Adam Smith April 25, 2022 2:22 p.m.
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It is reported that the deal is being concluded at the moment, but nothing is specific; negotiations may take longer or fail
Adam Smith April 25, 2022 2:08 p.m.
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