> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
It's a hostile take over.
Elon Musk makes $43B unsolicited bid to take Twitter private
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Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#582> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
I think calling it a gun to their head is a bit over dramatic.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#583> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
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Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#584> "if my offer is rejected i will reconsider my ownership in twitter." Thats an immense amount of selling pressure on the stock... This is a threat. He's negotiating with a gun to their head.
I read it as a threat too... is it not against the SEC's rules for market manipulation?
Musk being known as a long-time fan of the SEC with a respect for their rules.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#585I am just going to throw something new out here. EVERYTHING Elon does is circled around his belief that we need to be living on Mars. Spaceships to get there. Satellites for communications when we get there. Electrical cars since no oil to drive there. Tunnel boring to make the roads and cities there. Why would buying Twitter be any different? He currently is meeting serious resistance from USGOV and FAA on launching…
I really think this whole "everything Elon does is for Mars" is yet another story/myth he's perpetuated.
He's a businessman. He wants money; he wants respect; he wants power. Like most businessmen/politicians/people of stature of that caliber, he's just couching it all within a story that's much more palatable to the general public than saying that.
Also, I personally have always found how Tesla fits into this Mars equation laughable: why are we building sprawling infrastructure that needs cars on Mars? Is his imagination limited to Atherton, but on Mars? A much better use of limited resources (and oxygen) to build infrastructure would be to build denser, walkable colonies with major corridors served by public transit. Electric light rail or self-guided people movers are not new or novel, but we all know how Elon feels about public transit.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#586I am just going to throw something new out here. EVERYTHING Elon does is circled around his belief that we need to be living on Mars. Spaceships to get there. Satellites for communications when we get there. Electrical cars since no oil to drive there. Tunnel boring to make the roads and cities there. Why would buying Twitter be any different? He currently is meeting serious resistance from USGOV and FAA on launching…
sounds good to me
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#587So Twitter was at $70 per share a year ago. So what? Jack Dorsey was CEO a year ago, too. The share price was $33 less than a month ago. But, despite an absolutely incredible roller-coaster news cycle, things have been definitely trending down at Twitter ($33/share last month), which was reflected in its share price. The current executive team (and Dorsey) had wasted time focusing on things that didn't matter instead…
Unsolicited offers almost always get rejected, that's why it's called a "hostile takeover"
Wouldn't be a takeover if it's rejected.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#588Since Elon bought his 9% stake, the value of Twitter increased. He mentions selling his shares if the takeover is not accepted. That would make him a lot of money! His offer is also on the high side, this might make people bullish about twitter. On the other hand, I do think he is genuinely interested in buying twitter. But can't help to feel this might also be lucrative for him if the deal doesn't go through. It see…
This isn't illegal?
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#589Let's ignore personality and societal issues for a moment and look at the value proposition. The 'best and final offer' of $54.20 per share is just too low to be acceptable for major investors. Just over year ago, Twitter shares traded at about $70 per share. Musk's offer is about 25% lower than last years peak. There's no reason to assume Twitter shares can't reach the same levels ever again, nothing much has change…
> too low to be acceptable for major investors
I think Vanguard and BlackRock would happily take that premium. Cathie Wood wouldn't.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#590It will be end of Twitter, or beginning of the end.
based on what?