Elon makes all-cash offer to take Twitter private

358,907 Views | 2862 Replies | Last: 6 days ago by titan
BusterAg
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hph6203 said:

Deal isn't finalized, if they were juicing numbers you'd think they'd be more covert about making changes. They have months to feather them in.
How do you know that aren't feathering them in?

If they are much higher, wouldn't you want to take advantage of the press to take out a chunk when you have some feasible deniability?
BusterAg
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bthotugigem05 said:

They can agree to terms but not do business as a "combined" entity as of yet, in other words they're not taking orders from Elon yet. If anything I think it points to how easily bots can be used to set an agenda and create talking points for any side.
From the merger agreement:

Quote:

Section 6.4 Access to Information; Confidentiality. Upon reasonable notice, the Company shall (and shall cause each of its Subsidiaries to) afford to the representatives, officers, directors, employees, agents, attorneys, accountants and financial advisors ("Representatives") of Parent reasonable access (at Parent's sole cost and expense), in a manner not disruptive in any material respect to the operations of the business of the Company and its Subsidiaries, during normal business hours and upon reasonable written notice throughout the period commencing on the date of this Agreement until the earlier of the Effective Time and the termination of this Agreement pursuant to Article VIII, to the properties, books and records of the Company and its Subsidiaries and, during such period, shall (and shall cause each of its Subsidiaries to) furnish promptly to such Representatives all information concerning the business, properties and personnel of the Company and its Subsidiaries as may reasonably be requested in writing, in each case, for any reasonable business purpose related to the consummation of the transactions contemplated by this Agreement; provided, however, that nothing herein shall require the Company or any of its Subsidiaries to disclose any information to Parent or Acquisition Sub if such disclosure would, in the reasonable judgment of the Company, (i) cause significant competitive harm to the Company or its Subsidiaries if the transactions contemplated by this Agreement are not consummated, (ii) violate applicable Law or the provisions of any agreement to which the Company or any of its Subsidiaries is a party, or (iii) jeopardize any attorney-client or other legal privilege. No investigation or access permitted pursuant to this Section 6.4 shall affect or be deemed to modify any representation or warranty made by the Company hereunder. Each of Parent and Acquisition Sub agrees that it will not, and will cause its Representatives not to, use any information obtained pursuant to this Section 6.4 (or otherwise pursuant to this Agreement) for any competitive or other purpose unrelated to the consummation of the transactions contemplated by this Agreement. Parent will use its reasonable best efforts to minimize any disruption to the respective business of the Company and its Subsidiaries that may result from requests for access under this Section 6.4 and, notwithstanding anything to the contrary herein, the Company may satisfy its obligations set forth above by electronic means if physical access is not reasonably feasible or would not be permitted under applicable Law as a result of COVID-19 or any COVID-19 Measures. Prior to any disclosure, the Company and Parent shall enter into a customary confidentiality agreement with respect to any information obtained pursuant to this Section 6.4 (or otherwise pursuant to this Agreement).
"Furnish promptly" means pretty soon. Reviewing software of a software company before buying it would be normal due diligence.
Decay
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"They use spaces instead of tabs!"
"THE DEAL IS OFF"
will25u
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In other Elon news...

. . .
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hph6203
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Elon Musk, the anti-politician.
annie88
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Currently a happy listless vessel and deplorable. #FDEMS TRUMP 2024.
Fight Fight Fight.
Lonestar_Ag09
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If what we understand at the moment is fact id say getting 80% happy (if the spectrum is 50/50) you'll see far more upset on the left and far more let into the town square on the right
black_ice
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will25u said:

In other Elon news...







will25u
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Who?mikejones!
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will25u said:




"Hate speech"
Lonestar_Ag09
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will25u said:


Chode....I thought he deleted his account?
. . .
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waitwhat?
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Lonestar_Ag09 said:

will25u said:


Chode....I thought he deleted his account?


So let them delete Twitter. It works just as well on mobile browsers.
" 'People that read with pictures think that it's simply about a mask' - Dana Loesch" - Ban Cow Gas

"Truth is treason in the empire of lies." - Dr. Ron Paul

Big Tech IS the empire of lies

TEXIT
AgCat93
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Lonestar_Ag09 said:

will25u said:


Chode....I thought he deleted his account?

Except for occasions when he feels the need to be self-important and can score political points.
FrioAg 00
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Let's say it's worth $35 per share without Elon, and $54 if the deal goes through.

That would imply about a 70% the deal goes through
will25u
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ProgN
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Love my Aggie brethren.
tysker
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will25u said:


So basically regulatory capture?
will25u
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BMX Bandit
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SIAP, here is the plan for merger filed with SEC for those who love exciting reads in the bathroom:


https://www.sec.gov/Archives/edgar/data/0001418091/000119312522120461/d310843dex21.htm
GeorgiAg
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User on 4chan claims this picture is from Twitter HQ when Musk entered the room.

will25u
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Is there repercussions to this in regards to shareholders?

Bad juju nonetheless.

ChipFTAC01
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GeorgiAg said:

User on 4chan claims this picture is from Twitter HQ when Musk entered the room.




Nobody at Twitter HQ is wearing a suitcoat.
Sea Speed
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Pretty sure thats just a close up of the famous pic of Obama staffers. Crying girl might be a shop.
GeorgiAg
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BadMoonRisin
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Yep. I thought this stupid ****** deleted his account in protest...that lasted what.. 3 days?

He couldnt go 3 days without attention? Im shocked.
sanitariex
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Sea Speed said:

Pretty sure thats just a close up of the famous pic of Obama staffers. Crying girl might be a shop.


It is
sanitariex
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TyHolden
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will25u said:


One of our former BORs. Awesome!

Nice pub for the University and Aggie Football.
GeorgiAg
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Yeah, I searched all over twitter and didn't see it.
BusterAg
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They were reporting monthly active users as late as 2019 through Edgar.

If they were disclosing MAU through Edgar and were lying, that is indeed a major problem.

It's still a problem even if they were lying through some other channel, but putting that in an 8k when its false will bring the thunder.

https://www.sec.gov/Archives/edgar/data/1418091/000156459019012395/twtr-ex992_7.htm
hph6203
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Musk: We don't need 100 acres. We're getting rid of all of the ping pong tables and all of the ping pong players. Just work at work now.
We fixed the keg
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Curious to know if they could hind behind some muddy accounting with bans, bots, etc.
Keegan99
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will25u said:

Is there repercussions to this in regards to shareholders?

Bad juju nonetheless.



The extent of the overstatement seems relevant. Was this a 1% error or 10%?

Neither is good. But a larger error demands a stronger explanation.
 
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