Elon Musk may strike a deal with Twitter today

Tesla CEO and billionaire Elon Musk recently bought 9.2% of the shares of Twitter, shortly after which there was a bit of dancing with Twitter CEO Parag Agrawal. The same CEO who announced Musk was also being added to the company’s board of directors, before turning around after a week of weird tweets from Musk. After that Musk said, essentially, swap this for a toy soldier set: I’m buying the lot.

Musk offered $54.20 a share of Twitter and said that if it wasn’t accepted, “I would need to reconsider my position as a shareholder.” Now Bloomberg is reporting that Twitter is in the final stretch of negotiations over a sale to Musk by someone with knowledge of the matter. The two sides could apparently “reach an agreement as early as Monday if negotiations go well,” according to this source.

Musk described his goals of buying Twitter this way in a request to the US financial regulator: “I invested in Twitter because I believe in its potential to be the platform for free speech around the world, and I believe free speech is an imperative. functional social democracy.

“However, since I made my investment, I now realize that the company will not thrive or meet this social imperative in its current form. Twitter needs to be turned into a private company. […] Twitter has extraordinary potential. I will unlock it.”

Well, it increased. As for Musk, he didn’t say anything about the seemingly imminent takeover on his social feed, preferring to spend his last day trolling Bill Gates. At least we can be sure of one thing: Twitter will likely have this edit button.

Leave a Comment