By MICHELLE CHAPMAN and MATT O'BRIEN. In just over a week, billionaire entrepreneur Elon Musk has gone from a. to a would-be buyer of the entire company.
Musk’s latest trouble with the SEC could be his delay in notifying regulators of his growing stake in Twitter. But I do think his violation of the 10-day disclosure requirement is a substantive thing.” Musk has described himself as a “free speech absolutist” but is also known for blocking other Twitter users who question or disagree with him. A lawsuit filed Tuesday in New York federal court alleged that Musk illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices. The decision coincided with a barrage of now-deleted and not-always-serious tweets from Musk proposing major changes to the company, such as dropping ads — its chief source of revenue — and transforming its San Francisco headquarters into a homeless shelter. “I now realize the company will neither thrive nor serve this societal imperative in its current form. “I believe free speech is a societal imperative for a functioning democracy,” Musk said in the filing. Twitter shares were changing hands at $44.82 in afternoon trading, down slightly more than 2% and well below Musk’s offer of $54.20 per share. Musk called that price his best and final offer, although he provided no details on financing. Musk himself has more than 81 million followers, rivaling pop stars such as Ariana Grande and Lady Gaga. Musk detailed some specific potential changes Thursday — like favoring temporary rather than permanent bans — but has mostly described his aim in broad and abstract terms. Like other platforms, Twitter over the past several years has established restrictions on tweets that threaten violence, incite hatred, bully others and spread misinformation.
Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.
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Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He's offering $54.20 per share in cash.
My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. The will he / won’t he buy Twitter saga began in earnest when it became clear, just ten days ago, that the world’s richest man purchased a 9.2 percent stake in the company. Musk says Twitter must go private to undergo changes that need to be made. Twitter shares are up over 13 percent pre-market on the news. Tesla shares are down 1.5 percent on fears that Twitter’s number one fan — who already leads Tesla, SpaceX, The Boring Company, and Neuralink — might become distracted by his new pet. I will unlock it.”
Elon Musk launches hostile takeover bid of Twitter · The Tesla CEO, who recently became the social media company's largest shareholder, is offering $54.20 per ...
Fred Wilson, a New York-based venture capitalist, said the platform is “too important” to be owned and controlled by a single person. The price of the takeover bid ― $54.20 per share ― may also be a veiled reference to a previous episode that landed Musk in trouble with the securities regulators. Rep. Lauren Boebert (R-Col.) said Musk deserves a medal for his “patriotic and necessary” fight for free speech. In 2018 Musk tweeted that he had secured funding to take Tesla private at $420 a share ― a possible reference to the unofficial pot-smoking holiday of April 20. “Is Twitter dying?” he asked early Saturday morning. The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building.” Over the weekend, Musk unloaded a series of sharply barbed tweets at the company. Such a stake gives him leverage over the company moving forward; if he decided to sell his shares, it could send the company’s stock price sharply lower. While Musk is a prolific Twitter user with more than 80 million followers, he also is a frequent critic: In late March, he’d suggested in a tweet that he was considering launching his own social media company. He went on to question Twitter’s most popular users, its San Francisco headquarters and its process for authenticating accounts. But since his investment, he has come to “realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Según un archivo de la SEC, Elon Musk ofreció adquirir todas las acciones de Twitter que no posee por US$ 54,20 por acción en efectivo.
Twitter emitió un comunicado el jueves confirmando que había recibido la oferta. Concluye: "Twitter tiene un potencial extraordinario. Twitter debe transformarse en una empresa privada".
Elon Musk has offered to buy the rest of Twitter Inc. in a deal valuing the social-media company at more than $43 billion.
My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. a. There will be more detail in our public filings. Elon Musk has offered to buy Twitter Inc. in a deal valuing the social-media company at more than $43 billion. As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. change in the public market, I would need to reconsider my position as a shareholder. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.
The chief executive would likely need to sell more Tesla shares in order to fund an acquisition. Musk has been spending time pulling in and out of Twitter ...
SpaceX has completed multiple high-altitude flight tests with its Starship prototypes, but the prototype's next major step is to reach space. Tesla also is still facing chip shortages, inflationary and other supply chain pressures plaguing the entire auto (and solar) industry. He later planned to sit on the company’s board of directors, if approved, but then reversed that decision. The majority of his followers voted yes. "One, TSLA is currently in the early days of ramping two factories, Austin & Berlin, which will likely double its global capacity. The acquisition offer is the latest development in Musk's Twitter saga over the last week.
Elon Musk assailed the Securities and Exchange Commission in his recent TED appearance, claiming he actually secured funding to take Tesla private, ...
“So I was forced to concede to the SEC unlawfully. Echoing statements made by his lawyers in recent court filings, Musk said that he felt coerced into settling with the SEC in order to ensure Tesla’s banks would continue to provide capital to the company so it wouldn’t go bankrupt. Musk’s appearance in Vancouver was mainly a forum for him to discuss his recently announced hostile takeover bid of Twitter, but when TED founder Chris Anderson asked whether he had “funding secured” for the Twitter deal, Musk took that as an opportunity to re-litigate his four-year battle with the SEC.
El multimillonario Elon Musk ofrece comprar Twitter, alegando que la red social debe dejar de cotizar en bolsa y transformarse como una empresa privada.
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de dólares. El empresario dijo que esa era su mejor y última oferta, pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. La oferta de Musk es un nuevo capítulo en su relación con Twitter. En documentos regulatorios presentados en las últimas semanas, el empresario reveló que ha estado adquiriendo acciones en tandas casi diarias desde el 31 de enero y que ahora tiene un 9% de Twitter. Solamente el gestor de fondos Vanguard Group controla más acciones de la plataforma. “He invertido en Twitter porque creo en su potencial para ser la plataforma de la libertad de expresión en todo el mundo y creo que la libertad de expresión es un imperativo social en una democracia funcional”, afirmó Musk en la presentación. “Sin embargo, desde que realicé mi inversión me he dado cuenta de que la empresa no prosperará ni servirá a este imperativo social en su forma actual. El multimillonario Elon Musk ofreció comprar Twitter, alegando que la red social a la que él ha acusado de no estar a la altura de los principios de respeto a la libertad de expresión debe dejar de cotizar en bolsa y transformarse como una empresa privada.
Elon Musk hizo una oferta para comprar Twitter apenas unos días después anunciar que no formaría parte del consejo de administración de la red social.
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de dólares. El empresario dijo que esa era su mejor y última oferta, pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”.
Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately.
My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." The Tesla CEO has previously criticized the social media giant publicly, polling people on Twitter last month about whether the company abides by free speech principles. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. CNBC's David Faber reported on " Squawk on the Street" that Twitter's board will meet at 10 a.m. to evaluate the bid, per people familiar. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.
Elon Musk hizo una oferta para comprar Twitter apenas unos días después anunciar que no formaría parte del consejo de administración de la red social.
Solo el gestor de fondos y ETFs Vanguard Group controla más acciones de Twitter. El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”.
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL
His takeover bid at $54.20 a share comes just weeks after he became the company's largest shareholder.
The possibility that Mr. Musk might move to buy the company outright arose this week, when Twitter announced that he would no longer join the board. When Elon Musk mulled taking Tesla private in 2018, he posted on Twitter to tell the world about it. When Twitter’s chief executive said Mr. Musk would no longer join the board, that agreement was severed, allowing Mr. Musk to act as any other shareholder. “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,” Mr. Musk said in the filing. But the price has mostly slumped since then, falling to about $33 a share last month. And those changes won’t happen without taking the company private.” And when he challenged President Vladimir V. Putin of Russia to one-on-one combat last month, he broadcast it on Twitter. It would value the company at about $43 billion. I will unlock it.” “Twitter has extraordinary potential. “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Mr. Musk said in the letter to Mr. Taylor sent on April 13. Mr. Musk said this was a “best and final offer,” representing a 54 percent premium over the day before he began investing in the company in late January, according to a Securities and Exchange Commission filing.
According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion.
The price he suggested for Tesla at that time, $420 a share, was seen highlighting April 20, the unofficial holiday of marijuana enthusiasts. "The premium is at a level that will be hard to see other bids occurring." Musk's Tesla shares are worth about $177 billion, even with the modest decline in premarket trading Thursday. That reduction in total shares increased Musk's stake to 9.6% without him having to purchase a single additional share. Musk did not disclose how he intends to fund his purchase. And on Thursday the company disclosed that there were 37 million fewer shares outstanding than previously indicated. "It's historic and bizarre at the same time." According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion. Musk's commitment to use the company to promote greater free speech doesn't do much, if anything, to increase its profitability. Twitter issued a statement Thursday confirming that it had received the offer. Twitter needs to be transformed as a private company." Stocks were trading up about 6% following the market open, suggesting that investors had doubts the offer will be accepted.
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de ...
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de dólares. El empresario dijo que esa era su mejor y última oferta, pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”.
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. La semana pasada, Musk dijo que había informado a Twitter de que no entraría en su consejo de administración cinco días después de haber recibido una invitación. “He invertido en Twitter porque creo en su potencial para ser la plataforma de la libertad de expresión en todo el mundo, y creo que la libertad de expresión es un imperativo social en una democracia funcional”, afirmó Musk en la presentación. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL Elon Musk hizo una oferta para comprar Twitter apenas unos días después de anunciar que no formaría parte del consejo de administración de la red social.
Elon Musk has made a hostile takeover offer for Twitter. Have you wondered how Jack Dorsey fit into all this?
If someone else bids for Twitter, that’s probably fine for Musk, who makes a bunch of money — even though he’s said his intent is not to make money, and he doesn’t care about the economics at all. Sitting on the board of Twitter is a man named Egon Durban, who’s the co-CEO of Silver Lake, an investing firm you may remember from such hits as “buying what’s left of Facebook’s attempt at a cryptocurrency” and “working with Elon Musk to take Tesla private in 2018.” It’s hard for me to say off the cuff what this means for Musk’s bid… On the other hand, this is a truly groundbreaking troll — and maybe all that’s all it’s meant to be. I can imagine a scenario where a company such as Salesforce, which considered a Twitter acquisition in 2016, outbids Musk and walks off with Twitter. Disney also once considered Twitter but walked away because “ the nastiness is extraordinary,” Bob Iger said. “This is not a threat, it’s simply not a good investment without the changes that need to be made.” I wonder if Dorsey is involved behind the scenes — after all, he did seem to be shoved out by Elliott Management, another major Twitter shareholder, in favor of Parag Agrawal, the current Twitter CEO. The filing includes a script for talking to shareholders to try to convince them to sell. What these transformations might be is anyone’s guess — Musk has been suggesting an edit button, complaining about “top” Twitter accounts that don’t post enough and suggesting a special authentication tier for Twitter Blue in between visits to Berlin fetish clubs. Musk has always taken an expansive view of the First Amendment, and I’m not entirely sure that he’s aware it only applies to government censorship of speech, but I’m also not sure he cares. So it’s just really important that people have both the reality and the perception that they’re able to speak freely within the bounds of the law.” Musk also said he tweets from the toilet. After all, Musk said “this is not a way to make money” for him in an interview with Chris Anderson. “I don’t care about the economics at all,” he said. Usually, when someone wants to buy a company and take it private, they consult with the company’s management and come up with a price and try to make people happy.
Live updates on billionaire Tesla CEO Elon Musk's offer to buy Twitter in a deal valuing the social media company at $43 billion.
On making Twitter more transparent: “In my view, Twitter should match the laws of the country and really there is an obligation to do that. On a top priority if he buys Twitter: “Eliminating the spam and scam bots and the bot armies that are on Twitter. They make the product much worse. On why Twitter matters: “It’s important to the function of democracy. Twitter’s largest shareholder, Musk shook up the tech industry on Thursday by offering to buy it for $54.20 a share and take it private. On why he wants to buy Twitter: “It’s very important for there to be an inclusive arena for free speech. If that is the case, then we have free speech." Later Musk tweeted: "If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty. “I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,” he tweeted. "It would be utterly indefensible not to put this offer to a shareholder vote," Musk replied. What are the Kingdom’s views on journalistic freedom of speech?” Musk made the comments at the TED2022 conference in Vancouver. He said Thursday's offer is his “best and final offer.”
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL
The billionaire executive recently became one of the company's largest shareholders. Now he says he wants to buy the whole thing and change how it handles ...
Nueva York (CNN Business) — Diez días después de que Elon Musk revelara que se convertiría en el mayor accionista de Twitter, el hombre más rico del mundo hizo ...
Ten days after Elon Musk disclosed he'd become Twitter's largest shareholder, the world's richest man has made an offer to buy the company outright.
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
On Thursday, billionaire Tesla CEO Elon Musk announced he had made an offer to buy Twitter for $43 billion.
Twitter said it has received Musk's offer and will decide whether it is in the best interests of shareholders to accept or continue to operate as a publicly ...
Elon Musk's hostile takeover bid for Twitter on Thursday prompted many employees to privately express concerns that the incendiary Tesla CEO would change ...
Tesla and SpaceX billionaire Elon Musk has put forward an offer to buy Twitter to turn it into a free expression haven, but his vision of the platform ...
Tesla CEO Elon Musk offered to buy Twitter on Thursday, but the stock traded lower, a sign of what investors think of the bid.
The Tesla CEO was a millionaire in his 20s and has parlayed each business success into new endeavors.
Just hours after confirming his bid to buy Twitter, Musk spoke on takeover plans and railed against the SEC.
Musk says he'll remake Twitter and save free speech. But his track record is a mix of wild successes and many unfulfilled pledges.
In just ten days, Tesla CEO Elon Musk has gone from popular Twitter contributor to the company's largest individual shareholder to a wouldbe owner of the ...
Nueva York (CNN Business) -- Pregunte a diez expertos en tecnología sobre el futuro de Twitter en este momento y es probable que escuche al menos cinco ...
La bolsa de valores de EE.UU. está valorando un posible acuerdo con el millonario para cotizar las acciones de la plataforma, valorando hasta el momento cada ...
Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.
Tesla CEO Elon Musk clapped back after Saudi Arabian billionaire Prince Alawaleed bin Talal rejected his offer to purchase Twitter for $43 billion.
Some billionaires buy newspapers, magazines and sports teams. Elon Musk is trying to buy a social network that he himself admits might cause much of the ...
The defensive move from Twitter is an attempt to fend off Musk's hostile takeover attempt of the social network.
Twitter's board of directors has adopted a limited-term shareholder rights plan called a "poison pill" that could make it harder for Elon Musk to acquire ...
Twitter has announced a limited-duration shareholder rights plan that may thwart billionaire entrepreneur Elon Musk's attempts to take over the company. Musk, ...
Twitter moved Friday to block tech baron Elon Musk's proposed takeover of the social media company, adopting a strategy known as a "poison pill" that's ...
The company appears intent on trying to fend off the billionaire's bid to buy it in a deal that could be worth more than $40 billion.
La red social planea evitar la adquisición hostil por parte de Musk mediante una estrategia conocida como "píldora envenenada"
JP Morgan trabaja con Twitter para ayudarlos en las conversaciones con posibles compradores, incluido Elon Musk.
El multimillonario Elon Musk ofreció comprar Twitter, alegando que la red social a la que él ha acusado de no estar a la altura de los principios de respeto ...
The billionaire launched his takeover bid this week after weeks of back-and-forth wrangling with Twitter since he became a major shareholder. First, he was ...
Taking to Twitter today, Dorsey answered a couple questions posed by a Twitter user: Was Musk investing contingent on Dorsey leaving? Did Dorsey leave because ...
Nueva York (CNN Business) — Diez días después de que Elon Musk revelara que se convertiría en el mayor accionista de Twitter, el hombre más rico del mundo hizo ...
El consejo de administración de Twitter adoptó un plan temporal conocido como "píldora venenosa" que podría dificultar la adquisición de la empresa por Elon ...
Felix Salmon on the future—and dangers—of Musk's bid to take over Twitter.
The billionaire wants to trim down Twitter's rules around speech if he can buy the company, but experts said Musk may lack social media expertise.