What Will Happen with Musk and Twitter?
Musk owning twitter would be a major development for free speech and politics in this country and is worthy of our prayers.
From CNBC. Twitter shares jumped more than 3% on reports the company is nearing a deal with Elon Musk that could be announced as soon as Monday.
Musk earlier this month offered to buy Twitter for $54.20 a share, or about $43 billion. The social media company had been expected to decline a deal and had adopted a so-called poison pill to fend off a potential hostile takeover. However, Twitter became more receptive to a bid after Musk revealed he secured $46.5 billion in financing….
It’s unclear what a final deal could look like, and Reuters reported Monday that an agreement could still fall apart. Twitter has not been able to secure a “go-shop” agreement yet, which would allow it to look for other bids once it signs an accord, according to Reuters. The company could still accept another bid if Musk pays a break-up fee, it added….
Musk, an avid Twitter user, has contended it needs to be “transformed” into a private company so it can become a forum for free speech….
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(Excerpt from CNBC. Photo Credit: Getty Images)
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