Twitter reportedly set to accept Elon Musk offer, deal could happen Monday

After weeks of  hype and speculation — and stress for some on the left — Bloomberg is reporting that Elon Musk acquisition of Twitter could happen on Monday.

The news follows a rather cryptic tweet from the billionaire Tesla CEO on Friday that declared, “The Barbarians are at the Gate.”

The tweet coming after Musk began pursuing the idea of a tender offer, in which he would attempt to bypass the Twitter board and get shareholders to pledge their stock to him at a certain price.

“Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal,” the Associated Press reported last week. “The Tesla CEO said Thursday in documents filed with U.S. securities regulators that the money would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker.”

Twitter said in a statement Thursday that it received Musk’s updated proposal and “new information on potential financing,” adding that its “committed to conducting a careful, comprehensive and deliberate review,” FOX Business reported.

The two sides reportedly met on Sunday and was nearing a deal as they talked into the early hours Monday. Citing a source, Reuters reported that Twitter appeared to be ready to accept Musk’s offer of $54.20 a share.

The great irony in Musk taking over Twitter, citing concerns about free speech, is that that left is up in arms over such a possibility. The reaction to the news of a possible deal is beset with those who vow to take a hike if Musk acquires ownership, as seen here:

DONATE TO AMERICAN WIRE

If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to American Wire News to help us fight them.

Thank you for your donation!
Tom Tillison

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

PLEASE JOIN OUR NEW COMMENT SYSTEM! We love hearing from our readers and invite you to join us for feedback and great conversation. If you've commented with us before, we'll need you to re-input your email address for this. The public will not see it and we do not share it.

Latest Articles