Tesla CEO Elon Musk is known for using Twitter to compose and present various ideas about his business interests, cryptocurrency, politics and life in general, but today he seems to be doing well. doing one of the biggest things in his mind. Twitter says announced that it accepted Musk’s offer to acquire a total business of $ 54.20 / share, valued at $ 44 billion on social media.
Minutes after the news broke that the Twitter business had been shut down, the company issued a press release confirming that it had accepted Musk’s offer to take the social network privately.
“The Twitter Board has developed a comprehensive thought process to evaluate Elon’s proposal by deliberately focusing on value, reliability, and funding,” Twitter Independent Board Chairman Bret Taylor said of the deal. “The proposed exchange will result in more expensive cash, and I believe it is the best way to reach Twitter shareholders.”
The news came after it was strategically placed overnight reports that Twitter – contrary to earlier rumors about the toxic pill it would have preferred Musk to receive – was amused by the demand.
To be clear, this has not yet been agreed – various rules and shareholders’ approval are still pending and there is the possibility of others coming up with a different or higher offer. But it is a significant development and it is a sign that the board is on the idea board (heh) and therefore setting Twitter up for some kind of important event, buying Musk or otherwise.
The Twitter / Musk acquisition dance was very short, especially in terms of the size of the deal: it started less than a month ago, when Musk first took to Twitter to make a lot of comments. on social networks and Twitter itself and what it is. and not working well, only Twitter revealed on April 4 that Musk actually took a significant stake, $ 3 billion, some 9.2% of the shares, in the company.
A blackboard chair followed quickly before being dragged. The shareholders were outraged by Miski and sued what they believed to be a clear fraud.
and Musk? Musk doubled down and said he would really prefer to buy the whole curse platform. That was April 14th.
The board was scared and the poison pill had a viral impact on the world of corporate information technology.
But Musk, now the world’s richest person on paper, simply pushed, and explained how he would fund this deal, and suddenly everyone started to take it seriously. Money is always talking.
Last night – last night – the floodwaters began to pop up on Twitter considering the aftermath of the deal.
The news is bound to upset a lot of people – Musk has a tendency to limit it, so does Twitter, so it was originally delivered.
And then it will be interesting to see what Twitter is talking about commercially. It is also worth watching to find out what Musk’s agenda might be. Moguls buying media houses is nothing new – I would argue that it is the next (big) step in promoting the same direction as boats and other brand assets.
Musk, however, has been a powerful Twitter user for a long time, which means he is more likely to come close to this as more than investor games, or just a financial game. He has ideas. Even if you don’t like him, you have to admit that he is very smart. He may have plans to turn Twitter into a big profitable business. Or, he may have already decided that Twitter is more fun as an expensive game and leap to add other interests (that is, for all intents and purposes, we only have proof of him using Twitter so far).
However, if he had his way, he would now have a spokesman he could manage to follow suit.
We will update this post as we find out more.