Musk Jump đź’¬

Musk Jump

So much has happened between Elon Musk and Twitter, it all began when Elon Musk made the decision that he wanted to purchase the company. The move was initiated in the name of free speech, and Twitter’s initial offer was that Elon could join the board, given his increased share in Twitter. Due to the equity limitation board members would be restricted, Musk rejected the offer and offered to purchase the company at $54.20 per share in cash. Twitter’s response was to adopt a defensive “Poison Pill Strategy” – which would dilute Musk’s ownership stake. Musk then responded with a “tender offer” which means to make a direct appeal to shareholders to sell or tender their shares at a specific price. Since this happened investment banks have been jumping in with offers to help Musk with his acquisition of Twitter. The deal was going through, however, for a moment the deal was put on pause by Musk due to fears that Twitter has too many bots.

Since then, ​​the deal had been put back into motion, with the actual funding details coming into the picture. According to a new filing, Musk plans to front $33.5 billion for the purchase of Twitter; the rest of the funding needed will come from investment banks. Musk has also suggested that the deal should be executed at a lower price due to concerns about inauthentic activity on Twitter’s platform.

What do you think about the deal and when will it go through, if at all?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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