{"id":1437168,"date":"2022-04-14T08:45:15","date_gmt":"2022-04-14T12:45:15","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1437168"},"modified":"2022-04-14T09:07:05","modified_gmt":"2022-04-14T13:07:05","slug":"read-elon-musks-pitch-to-twitter-exec-about-buyout-offer-exceeding-40-billion-dollars","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/read-elon-musks-pitch-to-twitter-exec-about-buyout-offer-exceeding-40-billion-dollars\/","title":{"rendered":"Read Elon Musk\u2019s Pitch To Twitter Exec About Buyout Offer Exceeding $40 Billion Dollars"},"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\">28<\/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%2Fread-elon-musks-pitch-to-twitter-exec-about-buyout-offer-exceeding-40-billion-dollars%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=1437168&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\" class=\"ff-og-image-inserted\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/Elon-Musk-Twitter.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" alt=\"image\" \/><\/div>\n<p>On Thursday morning, The Daily Wire <a href=\"https:\/\/www.dailywire.com\/news\/breaking-elon-musk-offers-to-buy-100-of-twitter-in-cash\">reported<\/a> that tech billionaire Elon Musk is offering to buy 100% of Twitter at $54.20 per share in cash in a deal that could be worth more than $40 billion. Thanks to the SEC filing <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922045641\/tm2212748d1_sc13da.htm#ex-b_001\">submitted<\/a> Wednesday evening, readers can see the exact pitch made by Musk in which he promises Twitter that his offer is a \u201chigh price and your shareholders will love it.\u201d<\/p>\n<p>Rebel News\u2019 Ezra Levant flagged the voice and text message sent from Musk to Twitter, tweeting, \u201cDo yourself a favor and take a minute to read Elon Musk\u2019s text and voice message to Twitter\u2019s executives.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p dir=\"ltr\" lang=\"en\">Do yourself a favor and take a minute to read Elon Musk\u2019s text and voice message to Twitter\u2019s executives. <a href=\"https:\/\/t.co\/ieDYKcvJpG\">https:\/\/t.co\/ieDYKcvJpG<\/a> <a href=\"https:\/\/t.co\/kodK4aXg2k\">pic.twitter.com\/kodK4aXg2k<\/a><\/p>\n<p>\u2014 Ezra Levant \ud83c\udf41\ud83d\ude9b (@ezralevant) <a href=\"https:\/\/twitter.com\/ezralevant\/status\/1514565385475043330?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p><\/blockquote>\n<p>That portion of the <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1418091\/000110465922045641\/tm2212748d1_sc13da.htm#ex-b_001\">SEC filing<\/a> can be read here:<\/p>\n<blockquote><p><em>Script<\/em><\/p>\n<p><em>[SEND VIA TEXT]<\/em><\/p>\n<p><em>As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made.<\/em><\/p>\n<p><em>After the past several days of thinking this over, I have decided I want to acquire the company and take it private.<\/em><\/p>\n<p><em>I am going to send you an offer letter tonight, it will be public in the morning.<\/em><\/p>\n<p><em>Are you available to chat?<\/em><\/p>\n<p><em>[VOICE SCRIPT]<\/em><\/p>\n<p><em>1. Best and Final:<\/em><br \/>\n<em>a. I am not playing the back-and-forth game.<\/em><br \/>\n<em>b. I have moved straight to the end.<\/em><br \/>\n<em>c. It\u2019s a high price and your shareholders will love it.<\/em><br \/>\n<em>d. If the deal doesn\u2019t work, given that I don\u2019t 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.<\/em><br \/>\n<em>i. This is not a threat, it\u2019s simply not a good investment without the changes that need to be made.<\/em><br \/>\n<em>ii. And those changes won\u2019t happen without taking the company private.<\/em><\/p>\n<p><em>2. My advisors and my team are available after you get the letter to answer any questions<\/em><br \/>\n<em>a. There will be more detail in our public filings. After you receive the letter and review the public filings, your team can call my family office with any questions.<\/em><\/p><\/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\">\u00a0said in a statement<\/a>\u00a0Sunday evening.<\/p>\n<p>\u201cThere will be distractions ahead, but our goals and priorities remain unchanged,\u201d the CEO added in his statement. \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>Bloomberg reported: \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, but Bloomberg also noted that it is\u00a0 unclear how Musk will provide that in cash.<\/p>\n<p>\u201cThis becomes a hostile takeover offer which is going to cost a serious amount of cash,\u201d Neil Campling, head of TMT research at Mirabaud Equity Research, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-14\/elon-musk-launches-43-billion-hostile-takeover-of-twitter\">told<\/a> Bloomberg.\u00a0 \u201cHe will have to sell a decent piece of Tesla stock to fund it, or a massive loan against it.\u201d<\/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","protected":false},"excerpt":{"rendered":"<p>On Thursday morning, The Daily Wire reported that tech billionaire Elon Musk is offering to buy 100% of Twitter at $54.20 per share in cash in a deal that could<\/p>\n","protected":false},"author":326,"featured_media":2315279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1437168","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\/1437168","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=1437168"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1437168\/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=1437168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1437168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1437168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}