Elon makes all-cash offer to take Twitter private
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Last: 10 hrs ago by OldArmy71
hmm... if it happens maybe ill have to sign up again.
Holy bags of money! 38% above value! From the filing:
Exhibit B
Bret Taylor
Chairman 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.
Exhibit B
Bret Taylor
Chairman 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.
Goodby @Jack. Hello @theRealDolanld.
I thought Elon was going to be arrested for not disclosing his 5% purchase?
Wildmen06 said:
hmm... if it happens maybe ill have to sign up again.
If it happens, the number of real accounts will double.
Whitetail said:
Goodby @Jack. Hello @theRealDolanld.
Jack is friends with Elon.
Board already shut it down saying it was worth 70 last year. We'll see if they change their mind.
LOL, that was a funny argument.Marcus Brutus said:
I thought Elon was going to be arrested for not disclosing his 5% purchase?
nortex97 said:LOL, that was a funny argument.Marcus Brutus said:
I thought Elon was going to be arrested for not disclosing his 5% purchase?
Yeah, it was an amusing read.
Yesterday said:
Board already shut it down saying it was worth 70 last year. We'll see if they change their mind.
They wont accept any offer because they don't want it to be used for free speech.
Twitter is a garbage investment. Always has been.
Whitetail said:
Goodby @Jack. Hello @theRealDolanld.
More like goodbye @elonjet
Total frat move. I love it.
Elon has Twitter by the cajones...and has the power to swing the value of a public company by $30+ Billion in one day. If Twitter balks, Elon walks and shares tumble. Shareholders will demand this type of exit or heads will roll.
Elon has Twitter by the cajones...and has the power to swing the value of a public company by $30+ Billion in one day. If Twitter balks, Elon walks and shares tumble. Shareholders will demand this type of exit or heads will roll.
BMX Bandit said:Whitetail said:
Goodby @Jack. Hello @theRealDolanld.
More like goodbye @elonjet
More like "goodbye @correctspelling" .
"The Declaration of Independence and the US Constitution was never designed to restrain the people. It was designed to restrain the government."
This is the very definition of "*****you money"
I assumed he meant Donald Jr's drunkard account
Free speech is the worst enemy of the Democrat party.
This is how you take on Big tech and Big media. You can bet there are some freaked out leftists this morning.
Good to see someone not in the club attempting to gain some real influence. Elon definitely likes swinging for the home runs.
Good to see someone not in the club attempting to gain some real influence. Elon definitely likes swinging for the home runs.
Hostile takeover, figured this was coming when he turned down the board seat. If he offered 25% over market value, doesn't the board have an obligation to its shareholders to seriously consider it.
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aggieforester05 said:
Free speech is the worst enemy of the Democrat party.
Pinche Guero said:
Hostile takeover, figured this was coming when he turned down the board seat. If he offered 25% over market value, doesn't the board have an obligation to its shareholders to seriously consider it.
Obvio senor
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Correct me if I'm wrong, but wouldn't Elon have to have a plan to make Twitter profitable if he plans to take it private?
This could be epic
The red line is appx what Elon is offering. The yellow circles highlight the two times its been above that price in its history
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Hypothetical - Elon takes it private and appoints all the members of the intellectual dark web to the board. Make it happen.
No.
If they reject this offer, the price would likely drop to ~$25 long before it returns to $70
Why would someone buy Twitter?
It's free on the App Store
It's free on the App Store
This. Not to mention if they do he could easily spend half that and build his own platform that would destroy Twitter or put the money into Parler or Gab or whatever his choice is.lb3 said:
If they reject this offer, the price would likely drop to ~$25 long before it returns to $70
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Reagan
Ronald Reagan
Greenmail!!
T Boone, eat your heart out!!
T Boone, eat your heart out!!
----------------------------------
Texans make the best songwriters because they are the best liars.-Rodney Crowell
We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome
A man with experience is not at the mercy of another man with an opinion.
Texans make the best songwriters because they are the best liars.-Rodney Crowell
We will never give up our guns Steve, we don't care if there is a mass shooting every day of the week.
-BarronVonAwesome
A man with experience is not at the mercy of another man with an opinion.
— Douglas Karr (@douglaskarr) April 14, 2022
Lots of ways to make money that don't involve selling the app, the key is having the users and activity then it is just a matter of finding creative ways to make money from having a massive audience.Albatross Necklace said:
Why would someone buy Twitter?
It's free on the App Store
"The most terrifying words in the English language are: I'm from the government and I'm here to help."
Ronald Reagan
Ronald Reagan
I don't think Twitter will accept any offer from Elon. He could offer 200% above value and they'd reject it. Twitter doesn't act in the best interest of its shareholders. They act for the best interests of woke culture
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