OT: Elon Musk Offers to Buy Twitter for $42 Billion In Cash

[jakefest]

I don't think the deal goes through. He is already violating agreements with them. He made an offer to buy at $54 per share. Then publicizes proprietary information to drive the stock price down while shitting all over the company.

Is this normal? I am actually asking because I don't know.

The public dialogue isn't normal but moving off the proposed price is indeed normal. Whatever you find in due diligence almost always alters the price if it impacts the upside post deal close. If a certain percentage of users aren't actually real, then that would be a relatively big thing to find in DD that would create the opportunity to "re-trade"

Now, what could possibly happen is Twitter might sue Elon for defamation and violation of the NDA as the NDA would have placed confidentially on all things found in DD. Would suspect lawyers are looking at that now in the event he tries to walk away. This would be in addition to the $1b breakup fee.

 

[nytigerfan]

The public dialogue isn't normal but moving off the proposed price is indeed normal. Whatever you find in due diligence almost always alters the price if it impacts the upside post deal close. If a certain percentage of users aren't actually real, then that would be a relatively big thing to find in DD that would create the opportunity to "re-trade"

Now, what could possibly happen is Twitter might sue Elon for defamation and violation of the NDA as the NDA would have placed confidentially on all things found in DD. Would suspect lawyers are looking at that now in the event he tries to walk away. This would be in addition to the $1b breakup fee.

Interesting, but not shocking, he backed out. I wonder if all of the MAGA's will still be celebrating Musk after this.

Twitter will take Elon Musk to court to force him to buy it for $44 billion

Elon Musk sent a letter to Twitter's board on Friday, saying he was "terminating" the agreement he signed to acquire the company just three months ago.

www.businessinsider.com

 

[97ClemsonMac]

Interesting, but not shocking, he backed out. I wonder if all of the MAGA's will still be celebrating Musk after this.

Twitter will take Elon Musk to court to force him to buy it for $44 billion

Elon Musk sent a letter to Twitter's board on Friday, saying he was "terminating" the agreement he signed to acquire the company just three months ago.

www.businessinsider.com

I don’t consider myself a “MAGA”, your words not mine, but anyone who supports free speech and innovation the way Musk does has my full support

 

[DW4_2016]

I don’t consider myself a “MAGA”, your words not mine, but anyone who supports free speech and innovation the way Musk does has my full support

He offered a kid cash to stop tweeting. You think he’s pro free speech?

 

[WapPride]

musk convincing a 3rd of the country he's some champion of free speech is one of the greater trick****s i've seen

 

[97ClemsonMac]

He offered a kid cash to stop tweeting. You think he’s pro free speech?

For tracking his private flights … kid has a right to do that and Elon has a right to offer that as a contract. The countless censoring of conservatives of Twitter is rampant and absurd. He’s certainly much more free speech than the left wingers running Twitter and Facebook, you disagree with that?

 

[nytigerfan]

For tracking his private flights … kid has a right to do that and Elon has a right to offer that as a contract. The countless censoring of conservatives of Twitter is rampant and absurd. He’s certainly much more free speech than the left wingers running Twitter and Facebook, you disagree with that?

do you think Truth Social (or Truth Sential as Trump calls it) is free speech?

 

[nytigerfan]

I don’t consider myself a “MAGA”, your words not mine, but anyone who supports free speech and innovation the way Musk does has my full support

does he support free speech? He said he was buying twitter for that reason. Then he didn’t.

 

[97ClemsonMac]

do you think Truth Social (or Truth Sential as Trump calls it) is free speech?

I haven’t seen any censorship issues to my knowledge. Gavin Newsom, who must I say is doing a smart thing by doing so, is actively using the site. From what I’ve read he’s turning more and more into a likely front runner for the Democrats if they don’t run Joe, Pete, or Kamala. I don’t see anyone banned unless you know of any

 

[97ClemsonMac]

does he support free speech? He said he was buying twitter for that reason. Then he didn’t.

Because Twitter wouldn’t provide the information he wanted on fake bots and accounts that he wanted, almost all of those accounts attacking conservatives. He obviously saw (and tweeted so) that Twitter was far left. And as a businessman when they don’t comply with the offerers request, he withdrew. I still believe he believes in free speech and wouldn’t be surprised if he creates his own platform in the future (he’s already hinted at it).

 

[anon_5e8aassgcbjz1]

I haven’t seen any censorship issues to my knowledge. Gavin Newsom, who must I say is doing a smart thing by doing so, is actively using the site. From what I’ve read he’s turning more and more into a likely front runner for the Democrats if they don’t run Joe, Pete, or Kamala. I don’t see anyone banned unless you know of any

Truth Social bans users who post footage of Jan 6 hearings

The site professes to be a safe haven for unfettered speech – unless that speech is anti-Trump

www.salon.com

 

[dbjork6317]

Because Twitter wouldn’t provide the information he wanted on fake bots and accounts that he wanted, almost all of those accounts attacking conservatives. He obviously saw (and tweeted so) that Twitter was far left. And as a businessman when they don’t comply with the offerers request, he withdrew. I still believe he believes in free speech and wouldn’t be surprised if he creates his own platform in the future (he’s already hinted at it).

Please. Musk was never going to actually buy Twitter and started back peddling almost immediately after they accepted his offer. His purchase agreement with them also specifically waives a standard due diligence period. He has already agreed to purchase the company and didn’t even ask twitter for information regarding any non-public information, like bots.

This was, from the very beginning, an obvious publicity stunt which also allowed him to liquidate $8 billion of his tesla holdings without the stock dipping.

The only thing in question at this point is how much Twitter wants to push this thing. Do they take him to court and try to force him to buy it? Do they try to force him to pay $1B fee?

Doesn’t matter if you’re Musk, you got $8 bil in cash in the deal, so spending $1bil on a fine or a hundred million on legal fees, whatever, he’s still coming out way ahead. And he’s still got an army of bootlickers out there.

 

[WapPride]

^^^^^^^^it blows my mind how more people (read his pub lackeys) didn't see this from the start

 

[97ClemsonMac]

I mean putting $44B up for a bid doesn’t seem like he was joking? And then he had that liquidized within like 10 days?

 

[dbjork6317]

I mean putting $44B up for a bid doesn’t seem like he was joking? And then he had that liquidized within like 10 days?

No he never had $44B liquidated, he was still working with investors to get that money. I strongly suspect he wasn’t actually able to put that much together.

Musk is an eccentric billionaire who likes attention and likes playing the victim and knows he doesn’t have to face any real consequences for his actions.

 

[jakefest]

No he never had $44B liquidated, he was still working with investors to get that money. I strongly suspect he wasn’t actually able to put that much together.

Musk is an eccentric billionaire who likes attention and likes playing the victim and knows he doesn’t have to face any real consequences for his actions.

The deal was funded mostly on debt and he had commitments on the debt from multiple banks so the funding wasn't the issue. That was locked up pretty early in the process and if it wasn't, then the $1b is moot as failed funding is a penalty free walkaway clause on every deal I've ever been a part of.

He'll very likely have to pay the $1b breakup fee unless there is ample proof that the revenue engine (ie, advertising) is built on fake accounts. If there is ample proof, he's walking away without having to pay anything other than consultant, legal, deal team, etc costs.

Also, plenty of large corps walk away from deals all the time. The seller has to weigh the risks of a failed deal or negative information found in due diligence/discovery when deciding to sell, it's all part of the process.

 

[jakefest]

Interesting, but not shocking, he backed out. I wonder if all of the MAGA's will still be celebrating Musk after this.

Twitter will take Elon Musk to court to force him to buy it for $44 billion

Elon Musk sent a letter to Twitter's board on Friday, saying he was "terminating" the agreement he signed to acquire the company just three months ago.

www.businessinsider.com

It's not over yet. Twitter stock down $2 based on break up news which starts to impact value/market cap so might be nothing more than a corp dev strategy. Twitter knows that they are exposed now, Musk knows the company isn't worth $44b. They end up in court and eventually settle on a lower number to mitigate the "real users" risk, not to mention market sentiment on value. Musk is either way more calculated than most give him credit for or his deal team really found something they don't like. Or he's a complete psychopath with too much money and time.......

I still think he wants the asset but it's a very aggressive and public way to drive the price down, especially as they are public. If Twitter have nuts, they will tell him to go pound sand, sue him for the break up fee and invest the $1b to identify bots vs real users or buy up another platform to ring fence the market.

 

[nytigerfan]

It's not over yet. Twitter stock down $2 based on break up news which starts to impact value/market cap so might be nothing more than a corp dev strategy. Twitter knows that they are exposed now, Musk knows the company isn't worth $44b. They end up in court and eventually settle on a lower number to mitigate the "real users" risk, not to mention market sentiment on value. Musk is either way more calculated than most give him credit for or his deal team really found something they don't like. Or he's a complete psychopath with too much money and time.......

I still think he wants the asset but it's a very aggressive and public way to drive the price down, especially as they are public. If Twitter have nuts, they will tell him to go pound sand, sue him for the break up fee and invest the $1b to identify bots vs real users or buy up another platform to ring fence the market.

I would offer to bet but really I don’t care if he buys Twitter or not. But he is not going to buy it.

 

[nytigerfan]

Truth Social bans users who post footage of Jan 6 hearings

The site professes to be a safe haven for unfettered speech – unless that speech is anti-Trump

www.salon.com

@macbrindle thoughts?

 

[97ClemsonMac]

@macbrindle thoughts?

If you go on Twitter you can see literally thousands of people that are posting shit anti-Trump/Put him in Prison/he did J6 etc., even way more despicable things that this, and they aren’t getting banned. The “email” Allen got, does that really look authentic to you?? I have never seen an email that looks even remotely like that. Other dude posts a very suspicious screenshot that doesn’t even include his profile picture after claiming he had a profile picture on his page.

And if you think I’m taking anything from whatever the heck salon.com is as being legit, you’re wrong. I’m not just taking them for their word they need to authenticate their claim

 

[anon_5e8aassgcbjz1]

If you go on Twitter you can see literally thousands of people that are posting shit anti-Trump/Put him in Prison/he did J6 etc., even way more despicable things that this, and they aren’t getting banned. The “email” Allen got, does that really look authentic to you?? I have never seen an email that looks even remotely like that. Other dude posts a very suspicious screenshot that doesn’t even include his profile picture after claiming he had a profile picture on his page.

And if you think I’m taking anything from whatever the heck salon.com is as being legit, you’re wrong. I’m not just taking them for their word they need to authenticate their claim

Do you take Trump for his word? Apply the same level of cynicism towards him, his cronies, and the troglodytes that worship the ground he walks on that you do to the left and see what conclusion you reach.

Hint: he’s a morally bankrupt egomaniac that doesn’t give a damn about the rule of law.

 

[nytigerfan]

If you go on Twitter you can see literally thousands of people that are posting shit anti-Trump/Put him in Prison/he did J6 etc., even way more despicable things that this, and they aren’t getting banned. The “email” Allen got, does that really look authentic to you?? I have never seen an email that looks even remotely like that. Other dude posts a very suspicious screenshot that doesn’t even include his profile picture after claiming he had a profile picture on his page.

And if you think I’m taking anything from whatever the heck salon.com is as being legit, you’re wrong. I’m not just taking them for their word they need to authenticate their claim

That's funny. Go reread this thread. As soon as it was announced that Musk was buying Twitter, people were on here saying "All of a sudden I am seeing more right-wing stuff on twitter." Even though nothing had changed at twitter.

You will believe these anonymous internet posters, but not a journalist. Makes sense.

 

[97ClemsonMac]

Do you take Trump for his word? Apply the same level of cynicism towards him, his cronies, and the troglodytes that worship the ground he walks on that you do to the left and see what conclusion you reach.

Hint: he’s a morally bankrupt egomaniac that doesn’t give a damn about the rule of law.

I don’t take anything any policitians word nor do I the media until it’s thoroughly corroborated. For years and years and over several posts I’ve read where people have proven the media 1) hates Trump and 2) deliberately makes up lies about the man to trash him on this site and your group continue to deny it. Russian Collusion? Bountygate? Why should I immediately jump to believe the media?

 

[anon_5e8aassgcbjz1]

I don’t take anything any policitians word nor do I the media until it’s thoroughly corroborated. For years and years and over several posts I’ve read where people have proven the media 1) hates Trump and 2) deliberately makes up lies about the man to trash him on this site and your group continue to deny it. Russian Collusion? Bountygate? Why should I immediately jump to believe the media?

What group do I belong to? Sane individuals who enjoy mocking the GQP and its disciples? I plead guilty

 

[WapPride]

 

[WapPride]

trump's still the best at headshots