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2022-04-14

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Elon Musk Launches $43 Billion Hostile Takeover of Twitter

2022-04-14

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Elon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush

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The social media company’s shares soared 18%.</p><p>Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.</p><p>The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.</p><p>After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. 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Twitter needs to be transformed as a private company”</p><p>The takeover is unlikely to be a drawn out process. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk.</p><p>The $54.20 per share offer is “too low” for shareholders or the board to accept, said Vital Knowledge’s Adam Crisafulli said in a report, adding that the company’s shares hit $70 less than a year ago.</p><p>Musk has hired Morgan Stanley as his adviser for the takeover. The offer price also includes the number 420, widely recognized as a coded reference to marijuana. He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.</p><h2>The offer letter was disclosed in an SEC filing. Here is the letter:</h2><p>Bret Taylor</p><p>Chairman of the Board,</p><p>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.</p><p>However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.</p><p>As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.</p><p>Twitter has extraordinary potential. I will unlock it.</p><p>/s/ Elon Musk</p><p>Elon Musk</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Launches $43 Billion Hostile Takeover of Twitter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Launches $43 Billion Hostile Takeover of Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-14 18:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.The world’s richest man will pay $54.20 per share in cash, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136258892","content_text":"Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.The world’s richest man will pay $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet.Musk can afford a takeover of Twitter. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company”The takeover is unlikely to be a drawn out process. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk.The $54.20 per share offer is “too low” for shareholders or the board to accept, said Vital Knowledge’s Adam Crisafulli said in a report, adding that the company’s shares hit $70 less than a year ago.Musk has hired Morgan Stanley as his adviser for the takeover. The offer price also includes the number 420, widely recognized as a coded reference to marijuana. He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.The offer letter was disclosed in an SEC filing. Here is the letter:Bret TaylorChairman of the Board,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.However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.Twitter has extraordinary potential. I will unlock it./s/ Elon MuskElon Musk","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089051355,"gmtCreate":1649936782954,"gmtModify":1676534610536,"author":{"id":"4104836111196350","authorId":"4104836111196350","name":"yirole","avatar":"https://community-static.tradeup.com/news/98327bdf6f91ae52b2efbc3bfb470970","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104836111196350","authorIdStr":"4104836111196350"},"themes":[],"htmlText":"😱😱😱","listText":"😱😱😱","text":"😱😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089051355","repostId":"2227219306","repostType":2,"repost":{"id":"2227219306","kind":"news","pubTimestamp":1649939436,"share":"https://ttm.financial/m/news/2227219306?lang=&edition=fundamental","pubTime":"2022-04-14 20:30","market":"us","language":"en","title":"Elon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush","url":"https://stock-news.laohu8.com/highlight/detail?id=2227219306","media":"seekingalpha","summary":"Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $5","content":"<html><body><p><figure> <picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Maja Hitij/Getty Images News</p></figcaption> </figure></p> <p>Elon Musk's announcement on Thursday to buy <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> (<span>NYSE:TWTR</span>) for $54.20 per share in<span> cash so it can be \"transformed as a private company\" is a saga that is likely to end in a \"soap opera ending,\" Wedbush Securities said.</span></p> <p>Analyst Dan Ives, who covers Tesla (TSLA), noted that the likely end game is <a href=\"https://laohu8.com/S/AONE.U\">one</a> where Musk owns Twitter (TWTR), as no other bidders are likely to emerge.</p> <p>\"It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter,\" Ives wrote in a note to clients.</p> <p>In an amended 13-D filing on Thursday, Musk wrote, \"Twitter has extraordinary potential. I will unlock it.\" </p> <p>Twitter (TWTR) shares surged on back of the offer, <span>rising more than 10% to $50.70</span> in premarket trading on Thursday.</p> <p>However, the venerable tech exec called the $54.20 per share bid his \"best and final offer,\" adding that if it were not accepted, he would \"need to reconsider my position as a shareholder.\"</p> <p>Presently, the 50-year-old Musk is Twitter's (TWTR) largest shareholder, owning a 9.2% stake.</p> <p>Ives also pointed out that are likely to be a number of questions about financing the deal, regulatory concerns and how Musk would balance his time between Tesla (TSLA), SpaceX and Twitter, but the time for Twitter to accept the deal is \"now or never.\"</p> <p>Ives added that the next step in the process is for Twitter's (TWTR) board of directors to review the offer and then it would be \"get out the popcorn time as we expect many twists and turns in the weeks ahead as Twitter and Musk walk down this marriage path.\"</p> <p>Earlier this week, Musk decided not to join the company's board of directors after previously saying he would.</p> <p>Following Musk's decision not to join the board, Twitter (TWTR) Chief Executive Parag Agrawal tweeted that \"there will be distractions ahead.\"</p> <p>On Monday, following Musk's decision not to join Twitter's (TWTR) board, Ives said it could create a battle at the company reminiscent of some of the brutal fight scenes from the hit HBO series <em>Game of Thrones</em>.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-14 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $54.20 per share in cash so it can be \"transformed as a private company\" is a saga that is likely to ...</p>\n\n<a href=\"https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2227219306","content_text":"Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $54.20 per share in cash so it can be \"transformed as a private company\" is a saga that is likely to end in a \"soap opera ending,\" Wedbush Securities said. Analyst Dan Ives, who covers Tesla (TSLA), noted that the likely end game is one where Musk owns Twitter (TWTR), as no other bidders are likely to emerge. \"It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter,\" Ives wrote in a note to clients. In an amended 13-D filing on Thursday, Musk wrote, \"Twitter has extraordinary potential. I will unlock it.\"  Twitter (TWTR) shares surged on back of the offer, rising more than 10% to $50.70 in premarket trading on Thursday. However, the venerable tech exec called the $54.20 per share bid his \"best and final offer,\" adding that if it were not accepted, he would \"need to reconsider my position as a shareholder.\" Presently, the 50-year-old Musk is Twitter's (TWTR) largest shareholder, owning a 9.2% stake. Ives also pointed out that are likely to be a number of questions about financing the deal, regulatory concerns and how Musk would balance his time between Tesla (TSLA), SpaceX and Twitter, but the time for Twitter to accept the deal is \"now or never.\" Ives added that the next step in the process is for Twitter's (TWTR) board of directors to review the offer and then it would be \"get out the popcorn time as we expect many twists and turns in the weeks ahead as Twitter and Musk walk down this marriage path.\" Earlier this week, Musk decided not to join the company's board of directors after previously saying he would. Following Musk's decision not to join the board, Twitter (TWTR) Chief Executive Parag Agrawal tweeted that \"there will be distractions ahead.\" On Monday, following Musk's decision not to join Twitter's (TWTR) board, Ives said it could create a battle at the company reminiscent of some of the brutal fight scenes from the hit HBO series Game of Thrones.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9089058383,"gmtCreate":1649936853566,"gmtModify":1676534610554,"author":{"id":"4104836111196350","authorId":"4104836111196350","name":"yirole","avatar":"https://community-static.tradeup.com/news/98327bdf6f91ae52b2efbc3bfb470970","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104836111196350","authorIdStr":"4104836111196350"},"themes":[],"htmlText":"😱😱😱","listText":"😱😱😱","text":"😱😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089058383","repostId":"1136258892","repostType":4,"repost":{"id":"1136258892","kind":"news","pubTimestamp":1649931879,"share":"https://ttm.financial/m/news/1136258892?lang=&edition=fundamental","pubTime":"2022-04-14 18:24","market":"us","language":"en","title":"Elon Musk Launches $43 Billion Hostile Takeover of Twitter","url":"https://stock-news.laohu8.com/highlight/detail?id=1136258892","media":"Bloomberg","summary":"Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinar","content":"<html><head></head><body><p>Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.</p><p>The world’s richest man will pay $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion. The social media company’s shares soared 18%.</p><p>Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.</p><p>The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.</p><p>After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet.</p><p>Musk can afford a takeover of Twitter. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.</p><p>In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company”</p><p>The takeover is unlikely to be a drawn out process. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk.</p><p>The $54.20 per share offer is “too low” for shareholders or the board to accept, said Vital Knowledge’s Adam Crisafulli said in a report, adding that the company’s shares hit $70 less than a year ago.</p><p>Musk has hired Morgan Stanley as his adviser for the takeover. The offer price also includes the number 420, widely recognized as a coded reference to marijuana. He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.</p><h2>The offer letter was disclosed in an SEC filing. Here is the letter:</h2><p>Bret Taylor</p><p>Chairman of the Board,</p><p>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.</p><p>However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.</p><p>As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.</p><p>Twitter has extraordinary potential. I will unlock it.</p><p>/s/ Elon Musk</p><p>Elon Musk</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Launches $43 Billion Hostile Takeover of Twitter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Launches $43 Billion Hostile Takeover of Twitter\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-14 18:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.The world’s richest man will pay $54.20 per share in cash, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136258892","content_text":"Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.The world’s richest man will pay $54.20 per share in cash, representing a 54% premium over the Jan 28. closing price and a value of about $43 billion. The social media company’s shares soared 18%.Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet.Musk can afford a takeover of Twitter. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company”The takeover is unlikely to be a drawn out process. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk.The $54.20 per share offer is “too low” for shareholders or the board to accept, said Vital Knowledge’s Adam Crisafulli said in a report, adding that the company’s shares hit $70 less than a year ago.Musk has hired Morgan Stanley as his adviser for the takeover. The offer price also includes the number 420, widely recognized as a coded reference to marijuana. He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.The offer letter was disclosed in an SEC filing. Here is the letter:Bret TaylorChairman of the Board,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.However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.Twitter has extraordinary potential. I will unlock it./s/ Elon MuskElon Musk","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089051355,"gmtCreate":1649936782954,"gmtModify":1676534610536,"author":{"id":"4104836111196350","authorId":"4104836111196350","name":"yirole","avatar":"https://community-static.tradeup.com/news/98327bdf6f91ae52b2efbc3bfb470970","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104836111196350","authorIdStr":"4104836111196350"},"themes":[],"htmlText":"😱😱😱","listText":"😱😱😱","text":"😱😱😱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089051355","repostId":"2227219306","repostType":2,"repost":{"id":"2227219306","kind":"news","pubTimestamp":1649939436,"share":"https://ttm.financial/m/news/2227219306?lang=&edition=fundamental","pubTime":"2022-04-14 20:30","market":"us","language":"en","title":"Elon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush","url":"https://stock-news.laohu8.com/highlight/detail?id=2227219306","media":"seekingalpha","summary":"Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $5","content":"<html><body><p><figure> <picture> <img height=\"1024px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1288829865/image_1288829865.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture> <figcaption><p>Maja Hitij/Getty Images News</p></figcaption> </figure></p> <p>Elon Musk's announcement on Thursday to buy <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> (<span>NYSE:TWTR</span>) for $54.20 per share in<span> cash so it can be \"transformed as a private company\" is a saga that is likely to end in a \"soap opera ending,\" Wedbush Securities said.</span></p> <p>Analyst Dan Ives, who covers Tesla (TSLA), noted that the likely end game is <a href=\"https://laohu8.com/S/AONE.U\">one</a> where Musk owns Twitter (TWTR), as no other bidders are likely to emerge.</p> <p>\"It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter,\" Ives wrote in a note to clients.</p> <p>In an amended 13-D filing on Thursday, Musk wrote, \"Twitter has extraordinary potential. I will unlock it.\" </p> <p>Twitter (TWTR) shares surged on back of the offer, <span>rising more than 10% to $50.70</span> in premarket trading on Thursday.</p> <p>However, the venerable tech exec called the $54.20 per share bid his \"best and final offer,\" adding that if it were not accepted, he would \"need to reconsider my position as a shareholder.\"</p> <p>Presently, the 50-year-old Musk is Twitter's (TWTR) largest shareholder, owning a 9.2% stake.</p> <p>Ives also pointed out that are likely to be a number of questions about financing the deal, regulatory concerns and how Musk would balance his time between Tesla (TSLA), SpaceX and Twitter, but the time for Twitter to accept the deal is \"now or never.\"</p> <p>Ives added that the next step in the process is for Twitter's (TWTR) board of directors to review the offer and then it would be \"get out the popcorn time as we expect many twists and turns in the weeks ahead as Twitter and Musk walk down this marriage path.\"</p> <p>Earlier this week, Musk decided not to join the company's board of directors after previously saying he would.</p> <p>Following Musk's decision not to join the board, Twitter (TWTR) Chief Executive Parag Agrawal tweeted that \"there will be distractions ahead.\"</p> <p>On Monday, following Musk's decision not to join Twitter's (TWTR) board, Ives said it could create a battle at the company reminiscent of some of the brutal fight scenes from the hit HBO series <em>Game of Thrones</em>.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk's move to buy Twitter likely to end in 'soap opera ending': Wedbush\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-14 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $54.20 per share in cash so it can be \"transformed as a private company\" is a saga that is likely to ...</p>\n\n<a href=\"https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/3823359-elon-musks-move-to-buy-twitter-likely-to-end-in-soap-opera-ending-wedbush","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2227219306","content_text":"Maja Hitij/Getty Images News  Elon Musk's announcement on Thursday to buy Twitter (NYSE:TWTR) for $54.20 per share in cash so it can be \"transformed as a private company\" is a saga that is likely to end in a \"soap opera ending,\" Wedbush Securities said. Analyst Dan Ives, who covers Tesla (TSLA), noted that the likely end game is one where Musk owns Twitter (TWTR), as no other bidders are likely to emerge. \"It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter,\" Ives wrote in a note to clients. In an amended 13-D filing on Thursday, Musk wrote, \"Twitter has extraordinary potential. I will unlock it.\"  Twitter (TWTR) shares surged on back of the offer, rising more than 10% to $50.70 in premarket trading on Thursday. However, the venerable tech exec called the $54.20 per share bid his \"best and final offer,\" adding that if it were not accepted, he would \"need to reconsider my position as a shareholder.\" Presently, the 50-year-old Musk is Twitter's (TWTR) largest shareholder, owning a 9.2% stake. Ives also pointed out that are likely to be a number of questions about financing the deal, regulatory concerns and how Musk would balance his time between Tesla (TSLA), SpaceX and Twitter, but the time for Twitter to accept the deal is \"now or never.\" Ives added that the next step in the process is for Twitter's (TWTR) board of directors to review the offer and then it would be \"get out the popcorn time as we expect many twists and turns in the weeks ahead as Twitter and Musk walk down this marriage path.\" Earlier this week, Musk decided not to join the company's board of directors after previously saying he would. Following Musk's decision not to join the board, Twitter (TWTR) Chief Executive Parag Agrawal tweeted that \"there will be distractions ahead.\" On Monday, following Musk's decision not to join Twitter's (TWTR) board, Ives said it could create a battle at the company reminiscent of some of the brutal fight scenes from the hit HBO series Game of Thrones.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}