{"id":1452666,"date":"2022-04-25T10:29:45","date_gmt":"2022-04-25T14:29:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452666"},"modified":"2022-04-25T12:00:19","modified_gmt":"2022-04-25T16:00:19","slug":"free-speech-absolutist-elon-musk-to-buy-twitter-for-43-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/free-speech-absolutist-elon-musk-to-buy-twitter-for-43-billion\/","title":{"rendered":"Free Speech Absolutist Elon Musk To Buy Twitter for $43 Billion"},"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%2Ffree-speech-absolutist-elon-musk-to-buy-twitter-for-43-billion%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=1452666&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><\/div>\n<p>By Greg Roumeliotis<\/p>\n<p>NEW YORK (Reuters)\u2014<span class=\"highlight\" data-qa-component=\"highlight-text\">Twitter\u00a0<\/span>Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc has called his &#8220;best and final&#8221; offer for the social media company, people familiar with the matter said.<\/p>\n<p><span class=\"highlight\" data-qa-component=\"highlight-text\">Twitter\u00a0<\/span>may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.<\/p>\n<p>Musk, the world&#8217;s richest person according to a tally by Forbes, is negotiating to buy<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>in a personal capacity and Tesla is not involved in the deal.<\/p>\n<p><span class=\"highlight\" data-qa-component=\"highlight-text\">Twitter\u00a0<\/span>has not been able to secure so far a \u2018go-shop&#8217; provision under its agreement with Musk that would allow it to solicit other bids once the deal is signed, the sources said. Still,<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.<\/p>\n<p>The sources requested anonymity because the matter is confidential.<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>and Musk did not immediately respond to requests for comment.<\/p>\n<p><span class=\"highlight\" data-qa-component=\"highlight-text\">Twitter\u00a0<\/span>shares were up 4.5 percent in pre-market trading in New York on Monday at $51.15.<\/p>\n<p>Musk has said<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>needs to be taken private to grow and become a genuine platform for free speech.<\/p>\n<p>The deal would come just four days after Musk unveiled a financing package to back the acquisition. This led<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter<\/span>\u2018s board to take the deal more seriously and many shareholders to ask the company not to let the opportunity for a deal to slip away, Reuters reported on Sunday.<\/p>\n<p>The sale would represent an admission by<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter\u00a0<\/span>that its new chief executive Parag Agrawal, who took the helm in November, is not making enough traction in making the company more profitable, despite being on track to meet ambitious financial goals the company set for 2023.<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter<\/span>\u2018s shares were trading higher than Musk&#8217;s offer price as recently as November.<\/p>\n<p>Musk&#8217;s negotiating tactics\u2014making one offer and sticking with it\u2014resembles how another billionaire, Warren Buffett, negotiates acquisitions. Musk did not provide any financing details when he first disclosed his offer for<span class=\"highlight\" data-qa-component=\"highlight-text\">\u00a0Twitter<\/span>, making the market skeptical about its prospects.<\/p>\n<p>(Reporting by Greg Roumeliotis in New York; Editing by Mark Potter)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Greg Roumeliotis NEW YORK (Reuters)\u2014Twitter\u00a0Inc is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc has<\/p>\n","protected":false},"author":66,"featured_media":1480351,"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-1452666","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\/1452666","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\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1452666"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452666\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1480351"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1452666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1452666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1452666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}