On Monday, NewsMax reported that Twitter is planning on accepting Elon Musk’s final offer for $43 billion to buy the company.
The article reports:
Twitter may announce the $54.20-per-share deal later Monday, once its board has met to recommend the transaction to Twitter shareholders, the sources said, adding it was still possible the deal could collapse at the last minute.
Musk, the world’s richest person according to Forbes, is negotiating to buy Twitter in a personal capacity and Tesla is not involved in the deal.
The article concludes:
The deal, if it happens, would come just four days after Musk unveiled a financing package to back the acquisition.
This led Twitter’s board to take his offer more seriously and many shareholders to ask the company not to let the opportunity for a deal slip away, Reuters reported on Sunday. Before Musk revealed the financing package, Twitter’s board was expected to reject the bid, sources had said.
The sale would represent an admission by Twitter that Agrawal is not making enough traction in making the company more profitable, despite being on track to meet ambitious financial goals the company set for 2023. Twitter’s shares were trading higher than Musk’s offer price as recently as November.
Musk unveiled his intention to buy Twitter on April 14 and take it private via a financing package comprised of equity and debt. Wall Street’s biggest lenders, except those advising Twitter, have all committed to provide debt financing.
Musk’s negotiating tactics — making one offer and sticking with it — resembles how another billionaire, Warren Buffett, negotiates acquisitions. Musk did not provide any financing details when he first disclosed his offer for Twitter, making the market skeptical about its prospects.
This could be very interesting. It would be nice to bring free speech back to Twitter. I am on Truth Social as rwg@Right Wing Granny. Truth Social is unfiltered and I wouldn’t use it as a reliable source, but it is a place where people can express their ideas and opinions freely. It would be nice if Twitter also became a place where free speech is welcomed.
UPDATE: The purchase is complete. The reaction of the political left is totally entertaining!