Source: SUZANNE CORDEIRO / Getty
Elon Musk is again rattling the Twitter cages after his latest “stunt.”
Bootleg Tony Stark, aka Elon Musk, made his “best and final” offer to purchase 100% of Twitter, telling its Chairman of the Board that it “needs to be transformed as a private company.” In the 13D filed Thursday (Apr.14) with the SEC, Musk is offering $54.20 per share in cash.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Per Bloomberg, Musk is worth about a ridiculous $260 billion, Twitter’s market value currently sits at $37 billion, and Musk’s offer is about $43 billion per CNBC. The electric car maker wants to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.”
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in the letter sent to Twitter chairman Bret Taylor. “Twitter has extraordinary potential. I will unlock it.”
Musk also revealed that his status as a Twitter shareholder hinges on the company’s decision regarding his offer. “I would need to reconsider my position as shareholder,” he noted.
In a press release, Twitter confirmed Musk’s offer, writing, “the Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.”
The board is reportedly expected to hold a meeting at 10 AM ET to discuss Musk’s offer, but it’s not clear if they will come to a decision swiftly.
TWITTER'S BOARD IS MEETING AT 10AM ET TO DISCUSS ELON MUSK'S TAKEOVER OFFER- CNBC$TWTR
— *Walter Bloomberg (@DeItaone) April 14, 2022
As expected, this news is fresh red meat for MAGA conspiracy land, which has crowned Musk as their champion of “free speech” and believes with every ounce of their racist hearts that he will bring Donald Trump back to the platform.
Go @elonmusk GO!!! https://t.co/TuYg5HIkjW
— Megyn Kelly (@megynkelly) April 14, 2022
Many people want the bored billionaire to leave Twitter alone. They add that since he’s so fed up with Twitter’s approach to “protecting free speech,” he should start his own social media platform or invest in Trump’s Truth Social.
Why doesn't @elonmusk just start his own social platform. Leave Twitter as is. Go help Trump with Truth Social buy that platform. https://t.co/9CsFoa2NAl
— Marie (@lawyer822) April 14, 2022
Whatever the situation, nothing good will come of Elon Musk owning Twitter. You can peep more reactions in the gallery below.
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Photo: SUZANNE CORDEIRO / Getty
1. WHAT?
BREAKING: Elon Musk just made a $43 billion offer to buy 100% of Twitter.
THIS is how we take down Big Tech.
Elon is quickly becoming my favorite African-American.
— Vernon Jones For Congress (@VernonForGA) April 14, 2022
2. Interesting
Unless Elon Musk sells a big % of his Tesla stock (likely won’t), he'll need private equity financing to fund a $43B buy of Twitter. Musk is promising to gut Twitter's core ad biz model. Who would fund these losses?
Also, the offer terms seem like an easy no for Twitter's Board.
— Ahmed Baba (@AhmedBaba_) April 14, 2022
3. Yup
Elon Musk making a play for Twitter out of his petty cash drawer is one more example of why the pooling of so much wealth in the hands of a few is a societal disease.
— Walter Shaub (@waltshaub) April 14, 2022
4. L M A O
Elon Musk is a great man who has a chance to save free speech for everyone.
That's why he's being attacked.
— Nick Adams (@NickAdamsinUSA) April 13, 2022
(@ImSpeaking13) 6. Good point
So looks like @elonmusk wants to do for Trump what Truth Social couldn't. The thing is, the people buying his cars are not your likely Trump voters. The possibility of a Tesla as a future purchase for me is gone. Many other great electric automotive options available.
— Fred Guttenberg (@fred_guttenberg) April 14, 2022
7. Maybe he should be worried about this instead of Twitter
Exhibit E: In Elon Musk's own company, Black employees are currently filing a multi-million dollar suit against him and the company for discrimination h/t @MollyJongFast @deray.
Listen to Black people is the thesis of today (and everyday really). https://t.co/tH7kM431MM
— Anna Gifty (@itsafronomics) April 14, 2022
9.
Elon Musk is offering almost $9 more a share for Twitter than yesterday's closing price to buy all of it… only a fool or someone intentionally trying to limit free speech in the world would turn that down.
— Tim Young (@TimRunsHisMouth) April 14, 2022
10.
Elon musk is not going to buy twitter.
elon musk is simply currently manipulating stock prices.
That's it.
But it's fun to watch magatards confuse the meaning of freedom of speech.— Schrödinger's Zen…(or Roger) (@RWNJ_) April 14, 2022