{"id":1448886,"date":"2022-04-21T10:46:07","date_gmt":"2022-04-21T14:46:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1448886"},"modified":"2022-04-21T10:47:03","modified_gmt":"2022-04-21T14:47:03","slug":"musk-announces-hes-secured-funding-for-twitter-details-potential-next-move-to-work-around-unresponsive-board","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-announces-hes-secured-funding-for-twitter-details-potential-next-move-to-work-around-unresponsive-board\/","title":{"rendered":"Musk Announces He\u2019s Secured Funding For Twitter, Details Potential Next Move To Work Around Unresponsive Board"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">32<\/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%2Fmusk-announces-hes-secured-funding-for-twitter-details-potential-next-move-to-work-around-unresponsive-board%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=1448886&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\/Em2-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" alt=\"image\" \/><\/div>\n<div class=\"e1nzmkc90 css-1s0j25g\">\n<p class=\"Paragraph-sc-u5wzz1-0 cStoSw\" data-type=\"paragraph\">Tesla CEO Elon Musk disclosed Thursday that he has received commitment letters for $46.5 billion in funding to purchase Twitter, as well as a workaround since the Twitter board has been unresponsive to the billionaire.<\/p>\n<p class=\"Paragraph-sc-u5wzz1-0 cStoSw\" data-type=\"paragraph\">Musk made it clear in a securities filing that he\u2019s exploring a tender offer \u201cto acquire shares of Twitter directly from shareholders, though he said he hasn\u2019t decided whether to do so,\u201d The Wall Street Journal <a href=\"https:\/\/www.wsj.com\/articles\/elon-musk-says-he-has-commitments-for-46-5-billion-in-financing-for-twitter-deal-11650549097?mod=hp_lead_pos1\">reported<\/a>.<\/p>\n<p>Twitter\u2019s board of directors last week adopted a \u201cpoison pill\u201d to thwart Musk\u2019s bid for a takeover.<\/p>\n<p>The board has adopted a \u201climited duration shareholder rights plan,\u201d which gives Twitter\u2019s existing shareholders, except Musk, time to purchase additional shares at a discount, Axios <a href=\"https:\/\/www.axios.com\/twitter-elon-musk-poison-pill-7a62f6d6-b77a-4481-a2e3-5a7081557a84.html\">reported<\/a> Friday.<\/p>\n<p>The desired effect is to dilute Musk\u2019s holding in the company, and make the cost of a takeover higher or even prohibitive.<\/p>\n<p><strong><em>This is a breaking story, please refresh for updates\u00a0<\/em><\/strong><\/p>\n<p><i>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? <\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i>Become a member now and join our mission.<\/i><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tesla CEO Elon Musk disclosed Thursday that he has received commitment letters for $46.5 billion in funding to purchase Twitter, as well as a workaround since the Twitter board has<\/p>\n","protected":false},"author":64,"featured_media":1439254,"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-1448886","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\/1448886","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\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1448886"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1448886\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1439254"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1448886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1448886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1448886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}