{"id":1436651,"date":"2022-04-14T07:14:35","date_gmt":"2022-04-14T11:14:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1436651"},"modified":"2022-04-14T07:14:38","modified_gmt":"2022-04-14T11:14:38","slug":"breaking-elon-musk-offers-to-buy-100-of-twitter-in-cash","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-elon-musk-offers-to-buy-100-of-twitter-in-cash\/","title":{"rendered":"BREAKING: Elon Musk Offers To Buy 100% Of Twitter In Cash"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbreaking-elon-musk-offers-to-buy-100-of-twitter-in-cash%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1436651&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/03\/Untitled-design-21-copy-3-6.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>Elon Musk, the tech billionaire who made waves across the world after recently becoming the largest Twitter shareholder, is offering to buy 100% of Twitter at $54.20 per share in cash, Bloomberg News <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-14\/elon-musk-launches-43-billion-hostile-takeover-of-twitter\">reported<\/a> Thursday morning:<\/p>\n<blockquote>\n<p><em>Elon Musk\u00a0has offered to buy\u00a0Twitter\u00a0for $54.20 per share in cash, according to an updated 13D filing, Bloomberg News reports.<\/em><\/p>\n<p><em>Musk offered to \u201cacquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.\u201d<\/em><\/p>\n<\/blockquote>\n<p>According to an <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922045641\/tm2212748d1_sc13da.htm\">SEC filing<\/a> submitted Wednesday evening, Musk told Twitter Chairman Bret Taylor that this was his \u201cbest and final offer.\u201d<\/p>\n<p>Musk\u2019s letter to Taylor can be read here:<\/p>\n<blockquote>\n<p><em>Bret Taylor<\/em><\/p>\n<p><em>Chairman of the Board,<\/em><\/p>\n<p><em>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. \u00a0<\/em><\/p>\n<p><em>However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.<\/em><\/p>\n<p><em>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 publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.<\/em><\/p>\n<p><em>Twitter has extraordinary potential. \u00a0I will unlock it.<\/em><\/p>\n<p><em>\/S\/ Elon Musk<\/em><\/p>\n<\/blockquote>\n<p>The offer comes just days after Musk declined to take a position on Twitter\u2019s board of directors.<\/p>\n<p>\u201cElon Musk has decided not to join our board,\u201d Twitter CEO Parag Agrawal<a href=\"https:\/\/www.dailywire.com\/news\/breaking-elon-musk-pulls-out-from-joining-twitters-board\"> said in a statement<\/a> Sunday evening. \u201cThe Board and I had many discussions about Elon joining the board, and with Elon directly. We were excited to collaborate and clear about the risks. We also believed that having Elon as a fiduciary of the company where he, like all board members, has to act in the best interests of the company and all our shareholders, was the best path forward. The board offered him a seat.\u201d<\/p>\n<p>\u201cWe announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance,\u201d Agrawal continued. \u201cElon\u2019s appointment to the board was to become officially effective 4\/9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best. We have and will always value input from our shareholders whether they are on our Board or not. Elon is our biggest shareholder and we will remain open to his input.\u201d<\/p>\n<p>\u201cThere will be distractions ahead, but our goals and priorities remain unchanged,\u201d the statement concluded. \u201cThe decisions we make and how we execute is in our hands, no one else\u2019s. Let\u2019s tune out the noise, and stay focused on the work and what we\u2019re building.\u201d<\/p>\n<p>As noted by Bloomberg, \u201cMusk can afford a takeover of Twitter. He\u2019s currently worth about $260 billion according to the Bloomberg Billionaire\u2019s Index, compared with Twitter\u2019s market valuation of about $37 billion.\u201d<\/p>\n<p>Musk\u2019s offer values the company close to $43 billion.<\/p>\n<p><em>This is a breaking news story; please check back for updates.<\/em><\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same? <a class=\"in-cell-link\" href=\"https:\/\/www.dailywire.com\/subscribe\" target=\"_blank\" rel=\"noopener\">Become a member now and join our mission.<\/a><\/em><\/p>\n<blockquote><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk, the tech billionaire who made waves across the world after recently becoming the largest Twitter shareholder, is offering to buy 100% of Twitter at $54.20 per share in<\/p>\n","protected":false},"author":326,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1436651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1436651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/326"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1436651"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1436651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1436651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1436651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1436651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}