Elon Musk makes offer to buy Twitter

[bitterguy28]

Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter.

Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

aThe man wanted to extend his legacy in social media platform that's why he wanted a full control of twitter , in this he can use the platform for his own campaign , we also Knew that he is not really into Bitcoin so what can be for the Bitcoin when he shows his full support in Meme coins?
I'm afraid what will be the use of twitter if he finally get the full control , this maybe good for Him but not for Bitcoin .

[Gyfts]

Even he's the wealthiest person in the world, he can't buy everything. Whoever does refuse selling his share of Twitter, it's okay. As long as Elon got the most share in the company.
He's still going to be able to own it but what's the news after this potential buy of him? Did it progressed and has any update on this story? There's still a process within the boards and executives of Twitter if they will all agree to hand it over to him.

Elon hasn't reacted after the poison pill proposal from the Twitter Board. Given how intelligent he is, I am sure he will come up with a perfect counter-strategy. BTW, Twitter share price has gone up by almost 30% in the last 4 weeks. But even then, the market cap of the company is far below what Elon offered. In his last official statement, Elon said that he has accumulated around $46.5 in debt and equity financing, for the purpose of Twitter takeover. This is higher than the offer of $43 billion that he made two weeks ago.

He has responded to the poison pill approach. He's at around 10 percent equity and is not able to have more than 15 percent without Twitter flooding the shares. He can just get a few business partners that would get 14.9 of the company and easily have a group of 4 private investors that would have majority control of the company. IIRC he insinuated an approach like this as a plan B. His reluctance to join the Twitter board tells you he wants to buy the entire thing, not just be the largest shareholder.

[Wong Gendheng]

It's the right thing if Elon Musk bought Twitter, as we know that Elon Musk has a creative and professional team that can make Twitter the #1 social media outperforming Facebook, and of course there will be unique ideas related to cryptocurrencies on Twitter.

[Synchronice]

This is the way news has been focused on within the last month: Russia/Ukraine-->Will Smith/Chris Rock-->Elon Musk/Twitter.  I'm left wondering why the Ukraine invasion lost its importance (I know it hasn't, but you wouldn't know it based on what professional Youtubers are talking about).

Ukraine/Russian conflict became usual for people, the war has been going on for two months, it's not a sensation anymore, especially for a person who lives comfortable life far from the conflict zone. Is that pitiful? Yes, but that's the nature of humans. You'll never know how starvation feels until you face that in reality.

The way I understand it, Musk is very pro-freedom when it comes to speech (and I hope I'm right about that), so if he wound up running Twitter, I think it'd be a very different company and likely a better one.

I can't imagine a pro-freedom person being a number one rich. He's known to be a very acting person, changes his mind easily, remember what he did with bitcoin, that moment naked his true nature.

why did he choose to adopt dogecoin when he know dogecoin is nothing but a meme coin.?

I have my opinion and I'm sorry if it sounds offensive but I think that by choosing and popularising shit meme coin, he proved himself how stupid the humanity is and how much influence he has on them.

Glad I am not American.

You are not American but that doesn't mean that their political situation or conflict can't negatively affect you. Of course it depends on where you live but most of the time my statement is true.

What makes me surprised is that people on this forum often talk about how good decentralization is and why we must move to decentralized currencies. But somewhat everyone here wants Twitter to be at hands of one billionaire person because they think he is the messiah. Cmon people, it's always bad when one person has a huge influence on everyone and everybody. There are a lot of ways he influences me but recently I would say that he has gone too far and intends to do more harm than good.

[batang_bitcoin]

Even he's the wealthiest person in the world, he can't buy everything. Whoever does refuse selling his share of Twitter, it's okay. As long as Elon got the most share in the company.
He's still going to be able to own it but what's the news after this potential buy of him? Did it progressed and has any update on this story? There's still a process within the boards and executives of Twitter if they will all agree to hand it over to him.

Elon hasn't reacted after the poison pill proposal from the Twitter Board. Given how intelligent he is, I am sure he will come up with a perfect counter-strategy. BTW, Twitter share price has gone up by almost 30% in the last 4 weeks. But even then, the market cap of the company is far below what Elon offered. In his last official statement, Elon said that he has accumulated around $46.5 in debt and equity financing, for the purpose of Twitter takeover. This is higher than the offer of $43 billion that he made two weeks ago.

So the offer got up and it's still unknown if the Twitter boards and execs are going to accept the offer. We're all just interested on this because it's him and if Twitter is going to accept the amount.
That's just a lot of money then but I know that there are other sale that has been higher than this. Maybe for the execs it's not worth it but let's see and wait on what this story will end.

[Desmong]

A good idea if this is realized, it's time for Twitter to make big changes, the second largest number of users should make Twitter able to get big profits but a few years they report losses and the presence of Elon Musk is a good solution.

Why do you think so because I see no reason why Elon musk proposal should be accepted. Musk has an intention which is the reason why he is so desperate to by Twitter so he will have so much power to do what so ever he likes. His plan is to have control over the social media since he can not go after Facebook, Instagram and other popular social media. He has a plan and he want it to be accomplished by all means.

[Captain Corporate]

I still think that there is a good chance he could end up buying. If his offer of 50 billion dollars gets accepted then I would be definitely not be shocked about it, if it gets rejected, this is the same guy that can conjure up, as long as 100 billion dollars so I wouldn't really be shocked if he keeps his amount higher and higher then he would eventually get it. I wouldn't really guess that would be profitable for him though. Like lets assume he buys twitter for 50 billion dollars, do we really know if it will make that much money? Or is there a part of it that he could use somewhere else? I really do not think that twitter worths 50+ billion dollars at all.

[fara_buduk]

I don't think the CEO of Twitter will sell it considering Twitter is a media potential that will not be abandoned and will always increase its users and this is the main point in the social media business.
and also look at some of the twitter stockholders who already know with the potential to hold shares it's unlikely they will release it to elon musk so if elon musk wants to own it need a lot of compromise space for them

[verita1]

Elon Musk wants to buy the company Twitter and the board of directors refuses. Everyone wonders why Elon Musk wants to buy Twitter?
Elon Musk has not yet explained the changes he wants to implement in the company.
He has stated that the network is an excellent vehicle for freedom of expression. He has also said that before the investment he wanted to create a social network. Now that he has invested in Twitter he has realized that as it is the network will not prosper that Twitter needs to move to a private company.
I don't know if this is what Musk really wants, but he has raised a powder keg with his intention of being the owner of Twitter.
Rather, I think that he has a desire for power as a natural thing for millionaire people. I hope that Twitter has a good future for those of us who make life in this powerful social network.

[Sithara007]

Elon hasn't reacted after the poison pill proposal from the Twitter Board. Given how intelligent he is, I am sure he will come up with a perfect counter-strategy. BTW, Twitter share price has gone up by almost 30% in the last 4 weeks. But even then, the market cap of the company is far below what Elon offered. In his last official statement, Elon said that he has accumulated around $46.5 in debt and equity financing, for the purpose of Twitter takeover. This is higher than the offer of $43 billion that he made two weeks ago.

He has responded to the poison pill approach. He's at around 10 percent equity and is not able to have more than 15 percent without Twitter flooding the shares. He can just get a few business partners that would get 14.9 of the company and easily have a group of 4 private investors that would have majority control of the company. IIRC he insinuated an approach like this as a plan B. His reluctance to join the Twitter board tells you he wants to buy the entire thing, not just be the largest shareholder.

Oh.. thanks for this information. I was unaware that he had a plan B. And the Twitter board can't bring down the threshold from 14.9%, because if they do so then it will impact some of the existing shareholders. Even now, with the poison pill and all they are walking on a thin line as far as legality is concerned. Any additional dramatics will result in years of litigations and billions of USD in penalty for Twitter. BTW, I am keeping a close watch on the Twitter share price as well. The shares have gone up by 26% during the last 30 days.

[bakasabo]

This case looks similar to situation, when Elon Musk showed huge interest to Bitcoin, connected Bitcoin with Tesla and triggered cryptocurrency market growth. Now he does the same with Twitter. Twitter stock prices went up, expect some innovations in Tesla cars and boom in stock market. Expect stock memes to appear next half a year.

[kesmex]

This case looks similar to situation, when Elon Musk showed huge interest to Bitcoin, connected Bitcoin with Tesla and triggered cryptocurrency market growth. Now he does the same with Twitter. Twitter stock prices went up, expect some innovations in Tesla cars and boom in stock market. Expect stock memes to appear next half a year.

It can be concluded that Elon Musk really made a huge impact and it can be seen from both the growth of the crypto market and the rising share price of twitter,
actually if Elon Musk really bought twitter I think he would do something or something new,
what is clear we never know what the real goal is

[eaLiTy]

It's the right thing if Elon Musk bought Twitter, as we know that Elon Musk has a creative and professional team that can make Twitter the #1 social media outperforming Facebook, and of course there will be unique ideas related to cryptocurrencies on Twitter.

Elon Musk is the CEO of Tesla who is a electric manufacturer and then he owns SpaceX which is an aerospace manufacturer and launches rockets and where does the social media professional team fits in this aspect. I really do not care if Elon Musk purchase Twitter or not but if he purchases i do not want him to censor contents like they are doing right now. It should be free of censorship and if he can achieve that it would be great.

[Freeesta]

It's the right thing if Elon Musk bought Twitter, as we know that Elon Musk has a creative and professional team that can make Twitter the #1 social media outperforming Facebook, and of course there will be unique ideas related to cryptocurrencies on Twitter.

I don't know what might happen after buying Twitter. But I think there are several predictions. Assuming that Elon Musk buys Twitter, he will be able to impose his own censorship on incoming information or remove censorship completely. And who knows what truth we will learn after this? What will happen if the information will reach in full? I don't think it's good for some.

[sana54210]

I was unaware that he had a plan B. And the Twitter board can't bring down the threshold from 14.9%, because if they do so then it will impact some of the existing shareholders. Even now, with the poison pill and all they are walking on a thin line as far as legality is concerned. Any additional dramatics will result in years of litigations and billions of USD in penalty for Twitter. BTW, I am keeping a close watch on the Twitter share price as well. The shares have gone up by 26% during the last 30 days.

I am not entirely sure if it would take him too long to take more than 6% to cover the difference neither. He already owns like 9% give or take if I am not wrong, and this requires him to reach to 15% and that's not really that hard for him to do. I do not know what happens after that, I do not know if he would have to wait until 2023 or not.

But, I know that this is really not a bad situation for him. Worst case scenario he owns a bit more of twitter, which he can, and then buys it eventually without really having to fight the board neither. I still don't get why he wants it, no idea at all, but if he wants to, they can't stop him at all.

[Fredomago]

I was unaware that he had a plan B. And the Twitter board can't bring down the threshold from 14.9%, because if they do so then it will impact some of the existing shareholders. Even now, with the poison pill and all they are walking on a thin line as far as legality is concerned. Any additional dramatics will result in years of litigations and billions of USD in penalty for Twitter. BTW, I am keeping a close watch on the Twitter share price as well. The shares have gone up by 26% during the last 30 days.

I am not entirely sure if it would take him too long to take more than 6% to cover the difference neither. He already owns like 9% give or take if I am not wrong, and this requires him to reach to 15% and that's not really that hard for him to do. I do not know what happens after that, I do not know if he would have to wait until 2023 or not.

But, I know that this is really not a bad situation for him. Worst case scenario he owns a bit more of twitter, which he can, and then buys it eventually without really having to fight the board neither. I still don't get why he wants it, no idea at all, but if he wants to, they can't stop him at all.

He might be seeing profitable venture if he will have the majority shares or to the point f owning twitter, Musk is a businessman he knows how things will benefits him, maybe not with the share in particular but with the network that he will be getting from this social media platform, let see if how things will turn and how he will manage to pursue his goal.

The chance is not far for this person to gain the majority, he really showing his deep intentions to get what he wants.

[jaberwock]

It's the right thing if Elon Musk bought Twitter, as we know that Elon Musk has a creative and professional team that can make Twitter the #1 social media outperforming Facebook, and of course there will be unique ideas related to cryptocurrencies on Twitter.

Elon Musk is the CEO of Tesla who is a electric manufacturer and then he owns SpaceX which is an aerospace manufacturer and launches rockets and where does the social media professional team fits in this aspect. I really do not care if Elon Musk purchase Twitter or not but if he purchases i do not want him to censor contents like they are doing right now. It should be free of censorship and if he can achieve that it would be great.

I think that's what he means. Elon musk has some successful business so maybe he can make twitter successful too? although twitter is already successful but @eaLiTy was right, it was only ranked as second next to facebook. Elon musk and his team might not be into social media's but with the money elon have, he can always hire the right people to do the job.

You do care actually if Elon purchase twitter or not because you don't like how twitter works. You want someone like Elon, to change it for good. I think that's also what Elon wants on why he is trying to buy twitter and other than that, he might push more crypto content on the platform which is also a good thing.

[Vaskiy]

According to the news source Twitter could ink a deal to sell itself to Elon Musk this week: WSJ it looks like there is more chances of Elon Musk's offer for Twitter gets passed.

Sunday the board directors of Twitter had a meeting with Elon Musk to discuss on the deal. There is good progress in the deal, same time there is chances of hash out. Twitter is to report the first quarter earnings, and based on the same will be the deal planned. Let's wait for the week to see the outcome.

[onecall123]

According to the news source Twitter could ink a deal to sell itself to Elon Musk this week: WSJ it looks like there is more chances of Elon Musk's offer for Twitter gets passed.

Sunday the board directors of Twitter had a meeting with Elon Musk to discuss on the deal. There is good progress in the deal, same time there is chances of hash out. Twitter is to report the first quarter earnings, and based on the same will be the deal planned. Let's wait for the week to see the outcome.

A number of reports indicate that this deal has made significant progress. Elon Musk's bid to buy Twitter for $43 billion is being seriously considered by Twitter's board of directors, which could end with a deal this week. While the Twitter board initially rejected Elon Musk's offer to buy it, the company cannot continue to reject Musk's proposal. This is a positive move for Twitter. Cancellation culture will disappear and Twitter will become more inclusive. I hope it happens.

[Sithara007]

It's done!!!

Elon Musk strikes deal to buy Twitter for $44bn

https://www.bbc.com/news/business-61222470

The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had "tremendous potential" that he would unlock. He also called for a series of changes from relaxing its content restrictions to eradicating fake accounts. The firm initially rebuffed Mr Musk's bid, but it will now ask shareholders to vote to approve the deal.

From the beginning itself, I knew that the Twitter board will not be able to turn down the offer from Musk. The share price went up by more than 30% ever since Musk made the bid. But even at this point, it is below the level which Musk has agreed upon. Personally I am glad that my posts won't be censored anymore. Left-wing lunatics had an absolute control of Twitter over the years, censoring anyone whom they don't agree with. My own Twitter account went with multiple rounds of bans and warnings.