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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

#971

Post by PartiallyTyped »

memish wrote: post #553
paganel wrote: post #50

I personally think this is excellent, in the great scheme of things, maybe this will open a real discussion about the real oligarchic nature of the US political and societal life at the top. I mean, with tech titan (and second wealthiest man on the planet) Bezos owning the WaPo, the moment the tech titan (and the wealthiest man on the planet) Musk will put his hands on Twitter hopefully will also be the moment of som…

This is a good point. Everyone that thought it was great twitter was centralized and saying "it's a private company, they can censor what they want" and "go make your own platform" will have to contend with their once convenient unprincipled position.

I don’t find it unprincipled. It is how it is, and we should all be okay with a company enforcing their TOS.

Boycotting (the so called cancel culture by those it affects) is a fundamental and irreducible component of any “free” market.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#972

Post by expensive_news »

yabatopia wrote: post #383

Let'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…

Counterpoint: Twitter lost over half its value in the past year (share price from $70 to $33). Can the board justify that they’re on track to turn that around so quickly?

Frankly the board doesn’t seem capable of ‘unlocking Twitter’s value’ based on their recent performance.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#973

Post by mvc »

mike00632 wrote: post #739
gunapologist99 wrote: post #521

So 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…

"NO RISK"? There is a very clear risk of transformating the social media titan that is Twitter into Truth Social, a sideshow of a forum that is dedicated to the worship of one man. That would plummet the stock price.

That's less of a concern if you've just liquidized your position though is it?

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#974

Post by catothedev »

toephu2 wrote: post #967

The Twitter exec team & board is between a rock and a hard place. If they take the offer, half the exec team (or the entire exec team) will be axed (Musk already indicated he's not happy with management in the SEC letter [1]). If they reject the offer, they will be drowning in lawsuits due to not filling their fiduciary duty (getting a good deal for their shareholders [2]). [1] https://www.sec.gov/Archives/edgar/data…

They can hire bankers to try and find an investor who is 'management friendly'. Although, honestly, I can't see why any investor would really respect them given TWTR's performance.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#975

Post by coffeeblack »

bombcar wrote: post #361
molticrystal wrote: post #241

Just to verify that I understood the concept I looked up the definition of "hostile takeover" from various places, its common theme is taking over a company without approval of the board. The actual offer states [0]: >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 pub…

Any hostile takeover becomes non-hostile if the board/shareholders acquiesce.

Any takeover is non-hostile if the board/shareholders acquiesce.

So far, it is merely an offer for a takeover.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#977

Post by simondotau »

scurraorbis wrote: post #752

Hackernews is just as censorious as twitter. Comments get flagged and moderated solely by the positions taken within and then system has the gall to then tell you to read the comment policies which you didn't violate as they are from the libertine age that preceded this one. Controversial post rarely reach the front page anymore and if they do they are full of reasonable and true comments fading into gray and finally…

You've been posting tedious conspiracy theories based on little more than misunderstood statistics. It's not interesting. Everyone here is bored of politely entertaining such junk.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#978

Post by lprd »

RustyConsul wrote: post #510

> "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.

You've omitted some details:

d. 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.

i. This is not a threat, it's simply not a good investment without the changes that need to be made.

ii. And those changes won't happen without taking the company private.

https://www.sec.gov/Archives/edgar/data/0001418091/000110465...

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#979

Post by fredgrott »

Hmm, Mark Cuban for no cash starts a cost-based online pharmacy to help people. I really do not see any factual proof that Elon making money saves civilization.

Or I do not see how refusing to follow SEC rules will get Elon any closer to buying twitter as I do not think SEC would ever allow it without doing a massive lawsuit to block it. Which means Leon is motivated by his beef with SEC not saving civilization.

Re: Elon Musk makes $43B unsolicited bid to take Twitter private

#980

Post by mickotron »

As a SpaceX customer, this makes me sad. I want that money to go into his existing businesses. Not some ego trip for silly idealogical reasons.

$43B could go some way for more satellites, more ground stations. Investing in businesses already making him money.

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