Twitter stock

2022 - 4 - 25

Post cover — Image courtesy of "Sky News"

Elon Musk's Twitter takeover expected to be agreed within hours (Sky News)

There is every chance that Twitter's board will have extracted an improved offer or terms from Elon Musk as an announcement on a deal is expected later on ...

According to the media outlet, both sides met on Sunday to discuss the proposal - and the social network "is more likely than before to seek to negotiate". Musk argues that the social network needs to be taken private in order to grow and become a genuine platform for free speech. He has offered to buy the social network for $43bn (£33.5bn) and placed the right to uphold free speech at the forefront of his argument for a deal, accusing Twitter of failing its users to date.

Twitter kicks off deal negotiations with Tesla boss Musk: Report (Aljazeera.com)

Twitter's decision to engage with Musk shows it is exploring whether a sale is possible on attractive terms: Reuters.

In response, Musk has threatened to launch a tender offer that he could use to register Twitter shareholder support for his bid. Short term-minded investors such as hedge funds want Twitter to accept Musk’s offer or ask for only a small increase, the sources said. Twitter has not yet decided if it will explore a sale to put pressure on Musk to raise his bid, according to the sources. Twitter is also looking into whether regulators in any of the major markets it operates would object to Musk owning the company, the source added. Musk’s insistence that his bid for Twitter is his “best and final” has emerged as a hurdle in the deal negotiations, the sources said. The company’s decision to engage with Musk, taken earlier on Sunday, does not mean that it will accept his $54.20 per share bid, the sources said.

Why Twitter reconsidered Elon Musk's buyout deal (Quartz)

When Elon Musk offered to buy Twitter for $43 billion 10 days ago, the platform didn't welcome him with open arms. The Tesla and SpaceX CEO is in some ways ...

Among them is Ben Thompson, the writer of the popular newsletter Stratechery, who believes that Twitter should go private—even if that means a transformation engineered by Musk, which could mean less moderation and more acrimonious discourse, as well as a larger focus on subscriptions. Twitter’s board had to justify rejecting a generous offer, more than 10% above the company’s current stock price. On April 21, Musk said he has the funding to get this deal done quickly.

Twitter may want to finalize Musk deal before reporting ... (CNBC)

SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an ...

CNBC's Jim Cramer agreed, adding that he doesn't expect the company to post a good quarter. The company had been expected to provide an update by the time it reports its latest financial results on Thursday, if not before. Musk is offering $54.20 per share, while the stock was trading just above $50 on Monday afternoon.

Twitter shares rise on reports sale to Elon Musk is imminent (NPR Illinois)

Tesla CEO Elon Musk speaks at the Tesla Giga Texas manufacturing "Cyber Rodeo" grand opening party on April 7, 2022 in Austin, Texas. Twitter shares rose more than 3% on reports the social media company is nearing a deal to sell itself to billionaire Elon ...

"The Twitter board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing. Last week, Musk announced he had lined up the money to take Twitter private. But lack of details about how Musk would finance the deal left many doubting he was serious. But many questions remain unanswered, including how much of his own time Musk, who's already CEO of both Tesla and SpaceX, will spend on Twitter as well as who will lead the social media company. The company plans to bring in Musk to answer employees' many questions about what the deal means for them. Musk began accumulating Twitter shares in January. On April 4, he revealed that he'd accumulated a 9% stake, making him the company's biggest individual shareholder.

Twitter Stock Advances on Possible Deal With Elon Musk (The Wall Street Journal)

Shares of the social-media company advanced 5.3% to $51.53 in premarket trading, pointing to possible gains when the market opens Monday. Twitter's stock has swung wildly this month as investors have followed the twists and turns of Mr. Musk's bid to buy ...

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. The stock rose above $52 at one point Monday before the deal was announced later in the trading day.