Twitter Accepts Elon Musk Buyout

UPDATE: The Twitter board has accepted Elon Musk’s $54.20 buyout.

The NY Times and Wall Street Journal are all reporting that the Twitter Board is nearing a deal with Elon Musk. Various reports suggest that a deal could be made today or sometime this week.

Elon Musk has made an offer to buy Twitter for $54.20 per share. Elon has also formed a holding company which might be used as part of the acquisition. Elon might allow up to 2000 current investors to take shares in a new private company that would hold Twitter. The details of how an acquisition would be done are still not determined. Also, there are reports the Twitter board want to have permission to shop the deal without having to pay Elon Musk a penalty if they can find a better offer.

I believe that Elon Musk will not agree to let them shop the deal. I believe that there are no other entities that want Twitter at better than $54.20 per share who can get this past antitrust restrictions or who actually have all of the financing.

Written by Brian Wang,

9 thoughts on “Twitter Accepts Elon Musk Buyout”

  1. I am making $162/hour telecommuting. I never imagined that it was honest to goodness yet my closest companion is earning $21 thousand a month by working on the web, that was truly shocking for me, she prescribed me to attempt it simply ,


  2. I won't be surprised if he reinstalls Jack Dorsey as Twitter second (effective first) in command. He's not unfamiliar with delegation of operations.

    So Dorsey can ensure the show continues to run, while Musk keeps the reins of strategic investments and alliances, like any joint venture with Starlink.

  3. There's the distinct risk of Elon jumping the shark, or at the very least having too much on his plate. He does real atom work well, I hope he stays focused on that, but we all know twitter is going to consume too much of his time…

  4. Twitter does not need to stagnate, it should evolve with the hardware and infrastructure. It hasn't been making as much money as it should, so I am guessing that Musk sees an opportunity to fix that and make a profit from it.
    I wonder though…perhaps there is a synergy he wants to take advantage of by linking it to one of his other businesses.
    All of the major players use Twitter at the moment, and I don't think they will all be migrating any time soon.
    I don't know what his vision is, but I'm betting he's not going to lose money on it.

  5. Tik Tok is the most vapid thing ever, and popular only because young people are rabid fans of it, allowing them to show off quickly.

    But the more 'serious' social network users have moved and remain on Twitter (not even FB), and the plain-old media and blogosphere.

    I'd really like to see people discussing serious topics in 60 second videos of twerking and clowning around.

  6. Yawn, wasting so much money for some social network which soon will become
    irrelevant and will be disrupted by new ones. Yes it took some time for
    tiktok to grow, but in the future it will only get shorter and shorter
    to become the next big thing.

    Next TikTok will achieve billion users in a matter of months and old
    ones(like FB, twitter, snapchats, instagrams, tiktoks) will become
    disrupted and die. With only few oldschool people as users, who don't want
    to learn new tech/networks from scratch.

    We already have seen this – MySpace, dying Facebook, Insta/Snapchat which are
    mostly alien for gen X/boomers, even a lot of millenials and now TikTok
    which is alien even for majority of millenials. These $40B could be
    spent smarter, on much more important things, like for example
    funding longevity/anti aging research, advancing nanotechnology, 3d
    printing industry, fusion research, tons of others

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