Elon makes all-cash offer to take Twitter private

339,937 Views | 2827 Replies | Last: 1 day ago by samurai_science
Prosperdick
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In reply to nortex97 • 9:26a, 4/21/22
AG
nortex97 said:


Sounds like he has the money lined up. This could be another entertaining day of coverage.
Quote:
The co-investors will reportedly finance a hostile tender directly to Twitter shareholders, which happens when an outside investor's ambitions to take over another company do not have management's approval or blessing.

Musk will launch the tender officer within roughly 10 days, according to The Post. It remains to be seen how successful Musk will be in raising the necessary cash, as his propensity for controversy has turned off some investors.
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This quote aged well.
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cecil77
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9:42a, 4/21/22
AG
Twitter has unexploited profit potential.
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nortex97
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In reply to cecil77 • 9:58a, 4/21/22
AG
cecil77 said:
Twitter has unexploited profit potential.
Sure, but said potential is only a liability, to the board/management (in a shareholder suit). It's not being operated, in any way, in an effort to drive the value of the company higher or return dividends/profits to the stock owners.
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WolfCall
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10:03a, 4/21/22
AG
I haven't paid much attention to this and didn't know that Morgan Stanley was bank-rolling $25.5 billion......

Interesting that Tesla shares are being used as collateral.

https://www.dailymail.co.uk/news/article-10739757/Elon-Musk-launch-tender-offer-Twitter.html
Quote:
Elon Musk unveils $46bn financing package to fund Twitter takeover and uses Tesla as collateral

  • The world's richest man filed new documents with the SEC on Thursday morning
  • The Tesla founder outlined in them how he can afford to seize social media giant
  • He has $21bn from equity financing and combined $25.5bn from Morgan Stanley
  • But 'a portion' of Musk's shares in Tesla have now been put forward as collateral
By JAMES GANT FOR DAILYMAIL.COM
PUBLISHED: 09:57 EDT, 21 April 2022 | UPDATED: 10:52 EDT, 21 April 2022
You voted for this because you didn't like Mean Tweets?!
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TRADUCTOR
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11:26a, 4/21/22
Musk should have just used 'self checkout' instead of the board cashier.
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TheEternalPessimist
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11:49a, 4/21/22
I think within 11 days Elon will I'll be able to fire the Twitter board.

He should hire Tulsi Gabbard and Ivanka Trump to clean house. Break the internet!
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"The Kingdom is for HE that can TAKE IT!" - Alexander
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will25u
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2:03p, 4/21/22
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nortex97
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2:22p, 4/21/22
AG
Coincidentally, Elon's last 3 'tranches' of stock option rights, which he got courtesy of his compensation plan at Tesla, are worth, right now, $23 billion more in net worth for him this month.

https://www.reuters.com/technology/elon-musk-scores-hat-trick-tesla-compensation-goals-worth-23-billion-2022-04-20/

That's…a quarterly compensation bonus, not an annual one.
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Ags4DaWin
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2:24p, 4/21/22
If he buys it I will join just to support this **** and flip the bird to the woke idiots.
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e=mc2
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In reply to Ags4DaWin • 2:36p, 4/21/22
AG
Ags4DaWin said:
If he buys it I will join just to support this **** and flip the bird to the woke idiots.
Same. I got off twitter in 2017 because of the BS.
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YouBet
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3:00p, 4/21/22
AG
I may actually finally join. I've never been a member.
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Squadron7
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3:04p, 4/21/22
AG
I'll rejoin. I left during just the obvious shadowbanning. Even before the outright silencings and cancellations.
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nortex97
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3:11p, 4/21/22
AG


I was curious why Thoma Bravo suddenly had an interest in this outfit, that is well outside their normal MO.

Elon has of course raised (and made) a lot of money from/for VC outfits around Silicon Valley over the years. It's a very incestuous/connected little industry/club, by any standard.
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YouBet
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3:13p, 4/21/22
AG
Who is Thomas Bravo?
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Squadron7
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In reply to YouBet • 3:14p, 4/21/22
AG
YouBet said:
Who is Thomas Bravo?

It may be the T and B in LGBTQWERTY+.
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TacosaurusRex
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In reply to YouBet • 3:24p, 4/21/22
YouBet said:
Who is Thomas Bravo?
Thoma Bravo is an investment firm. Orlando Bravo and Carl Thoma
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Keegan99
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In reply to YouBet • 3:24p, 4/21/22
AG
https://www.thomabravo.com/

Private equity firm focusing on tech.
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Sully Dog
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3:24p, 4/21/22
I would love to know how many WSB guys have bought stock in Twitter in support of Musk?
Deplorable Neanderthal Clinger
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agcrock2005
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In reply to Sully Dog • 3:26p, 4/21/22
AG
Sully Dog said:
I would love to know how many WSB guys have bought stock in Twitter in support of Musk?
No idea what WSB is but I bought 25 shares about an hour ago just so I could play along. I ****ing hate twitter too.
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rgag12
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In reply to YouBet • 3:29p, 4/21/22
AG
YouBet said:
Who is Thomas Bravo?


Johnny Bravo's rich brother
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nortex97
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In reply to YouBet • 3:34p, 4/21/22
AG
YouBet said:
Who is Thomas Bravo?
Since they are privately held not a lot of folks track them (the rich VC types don't care what us plebians think of their plans). But they are a pretty big outfit.

Quote:
Thoma Bravo invests typically in business-to-business software companies and not companies that cater directly to consumers, like Twitter. In 2020, the San Francisco- and Chicago-based firm announced the closing of a $17.8 billion buyout fund, and through its different vehicles says it has $103 billion in assets under management.

Meanwhile, Twitter generates significant cash flow and is not a bad leveraged buyout candidate, one of the sources said. Thoma Bravo sees potential for the company when it comes to controlling costs and widening profit margins, the source said.

Thoma Bravo last month reportedly reached a $10.7 billion buyout agreement to acquire listed Anaplan, a company that makes software modeling for different business outcomes.

There was a big demand from Thoma Bravo fund investors to co-invest in the deal outside the fund, and many may also co-invest in a much larger Twitter deal, the source said.
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YouBet
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5:23p, 4/21/22
AG
Thanks all.

And Anaplan remains one of the more unfortunate company names.

Don't need a plan for my anus.
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Prosperdick
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In reply to YouBet • 5:25p, 4/21/22
AG
YouBet said:
Thanks all.

And Anaplan remains one of the more unfortunate company names.

Don't need a plan for my anus.
Don't worry, I have a doctor you can reach out to for that:

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ravingfans
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In reply to Prosperdick • 7:27p, 4/21/22
AG
Prosperdick said:
YouBet said:
Thanks all.

And Anaplan remains one of the more unfortunate company names.

Don't need a plan for my anus.
Don't worry, I have a doctor you can reach out to for that:



YIIIIIIIIIIKES!!!!
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Prosperdick
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In reply to ravingfans • 7:57p, 4/21/22
AG
ravingfans said:
Prosperdick said:
YouBet said:
Thanks all.

And Anaplan remains one of the more unfortunate company names.

Don't need a plan for my anus.
Don't worry, I have a doctor you can reach out to for that:



YIIIIIIIIIIKES!!!!
Arrested Development character...great show.
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YouBet
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In reply to Prosperdick • 10:53a, 4/22/22
AG
Prosperdick said:
ravingfans said:
Prosperdick said:
YouBet said:
Thanks all.

And Anaplan remains one of the more unfortunate company names.

Don't need a plan for my anus.
Don't worry, I have a doctor you can reach out to for that:



YIIIIIIIIIIKES!!!!
Arrested Development character...great show.
Don't hold back. It's the greatest comedy show ever.
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cecil77
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12:42p, 4/22/22
AG
I'm thinking that at least 50% reading "Anaplan" thought of Tobias...
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will25u
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7:42p, 4/22/22
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will25u
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8:21p, 4/22/22
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TheEternalPessimist
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In reply to will25u • 8:33p, 4/22/22
will25u said:


The chorus of left wingers and pro censorship shrieking is building to a crescendo!!!


Reeeeeeeeeeeeeeeeeeeeee!
--

"The Kingdom is for HE that can TAKE IT!" - Alexander
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TacosaurusRex
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9:08p, 4/22/22


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1836er
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9:21p, 4/22/22
AG
Damn his tweets are awesome.
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aTm2004
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9:37p, 4/22/22
AG
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Predmid
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In reply to agcrock2005 • 10:07p, 4/22/22
AG
agcrock2005 said:
Sully Dog said:
I would love to know how many WSB guys have bought stock in Twitter in support of Musk?
No idea what WSB is but I bought 25 shares about an hour ago just so I could play along. I ****ing hate twitter too.

WSB (wallstreetbets) are the idiots on reddit that do meme stock investing. They're the ones in a fight over the Gamestop and AMC stocks after trying to start a buying rally to bankrupt people who had shorted them to oblivion. There's a lot of beyond shady dealings that the SEC should be investigating but won't. Becau$e rea$on$.
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agcrock2005
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9:03a, 4/23/22
AG
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