{"id":1452719,"date":"2022-04-25T11:44:36","date_gmt":"2022-04-25T15:44:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1452719"},"modified":"2022-04-25T11:44:37","modified_gmt":"2022-04-25T15:44:37","slug":"twitter-stock-price-rises-after-news-of-potential-elon-musk-buyout","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-stock-price-rises-after-news-of-potential-elon-musk-buyout\/","title":{"rendered":"Twitter Stock Price Rises After News Of Potential Elon Musk Buyout"},"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%2Ftwitter-stock-price-rises-after-news-of-potential-elon-musk-buyout%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=1452719&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\/04\/GettyImages-1234657104.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p><span>Twitter\u2019s stock price rose 4% amid a report that Elon Musk may reach a deal with Twitter as soon as Monday.<\/span><\/p>\n<p><span>Talks between the world\u2019s richest man and the social media giant\u2019s leadership are in the \u201cfinal stretch,\u201d <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-25\/twitter-on-track-to-reach-deal-with-musk-as-soon-as-monday?sref=WFt20nR4&#038;utm_medium=social&#038;utm_campaign=socialflow-organic&#038;utm_content=markets&#038;utm_source=twitter&#038;cmpid%3D=socialflow-twitter-markets\"><span>Bloomberg<\/span><\/a><span> reported, citing a person with knowledge of the matter. <\/span><a href=\"https:\/\/www.reuters.com\/technology\/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25\/\"><span>Reuters<\/span><\/a><span> reported that Twitter\u2019s board of directors is poised to recommend shareholders accept Musk\u2019s original offer of $54.20 per share.<\/span><\/p>\n<p><span>Twitter\u2019s stock price reached nearly $51 during the first hours of trading on Monday \u2014 an increase from roughly $49 around market close on Friday.<\/span><\/p>\n<p><span>The development comes after a Sunday meeting between Musk and Twitter executives to demonstrate that he had financing in place. The Tesla mogul had earlier hinted he might bypass the board with a tender offer directly to shareholders if the board rejected the bid he first announced on April 14.<\/span><\/p>\n<p><span>In a Securities and Exchange Commission <\/span><a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001418091\/000110465922048128\/tm2213229d1_sc13da.htm\"><span>filing<\/span><\/a><span> from April 20, Musk revealed that he had obtained a debt commitment letter from Morgan Stanley Senior Funding, Inc. and other financial institutions showing they were committed to provide $13 billion in financing. A separate debt commitment letter from Morgan Stanley Senior Funding, Inc. and certain other financial institutions committing to provide $12.5 billion in margin loans, and an equity commitment letter in which Musk committed to provide equity financing for his offer.<\/span><\/p>\n<p><span>Twitter is also facing increased pressure from shareholders to accept the deal with Musk.<\/span><\/p>\n<p><span>\u201cA concern that Twitter\u2019s board is weighing is that unless it seeks to negotiate a deal with Musk, many shareholders could back him in a tender offer,\u201d Reuters <\/span><a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/twitter-under-shareholder-pressure-to-seek-deal-with-musk-sources-say\"><span>reported<\/span><\/a><span>. \u201cWhile the poison pill would prevent Twitter shareholders from tendering their shares, the company is worried that its negotiating hand would weaken considerably if it was shown to be going against the will of many of its investors.\u201d<\/span><\/p>\n<p><span>Elon Musk became Twitter\u2019s largest shareholder in early April following his <\/span><a href=\"https:\/\/www.dailywire.com\/news\/breaking-elon-musk-becomes-twitters-largest-shareholder-after-shakeup-tease\"><span>purchase<\/span><\/a><span> of a 9.2% stake in the social media firm. However, the billionaire is now in second place, as asset management firm <a href=\"https:\/\/money.cnn.com\/quote\/shareholders\/shareholders.html?symb=TWTR&#038;subView=institutional\">Vanguard<\/a> owns approximately 10%. He has promised to \u201cmake significant improvements to Twitter\u201d and has polled his followers on whether or not Twitter \u201crigorously adheres\u201d to the principles of free speech.<\/span><\/p>\n<p><span>In the wake of his purchase \u2014 after which he was offered a position on Twitter\u2019s board of directors \u2014 many employees are wary of reforms that Musk may bring to the site. Twitter told Reuters that the company\u2019s board \u201cplays an important advisory and feedback role across the entirety of our service\u201d while daily decisions are made by Twitter\u2019s management and employees.<\/span><\/p>\n<p><span>One employee found this distinction \u201chard to believe\u201d and told Reuters, \u201cIf that\u2019s the case, why would Elon want a board seat?\u201d<\/span><\/p>\n<p><span>Reuters added that other employees fear Musk will alter Twitter\u2019s \u201ccorporate culture\u201d of \u201cinclusivity,\u201d as Musk \u201chas faced widespread criticism for posting memes that mocked transgender people and efforts to stem the spread of COVID-19.\u201d<\/span><\/p>\n<p><span>Musk, however, is no friend to corporate wokeness. He recently <\/span><a href=\"https:\/\/www.dailywire.com\/news\/get-woke-go-broke-elon-musk-says-woke-mind-virus-makes-netflix-unwatchable-as-shares-plummet-20\"><span>pinned<\/span><\/a><span> a drop in Netflix\u2019s share prices on the \u201cwoke mind virus,\u201d which makes the streaming service \u201cunwatchable.\u201d<\/span><\/p>\n<p><i><span>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? <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>Become a member now and join our mission<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter\u2019s stock price rose 4% amid a report that Elon Musk may reach a deal with Twitter as soon as Monday.Talks between the world\u2019s richest man and the social media<\/p>\n","protected":false},"author":99,"featured_media":1480338,"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-1452719","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\/1452719","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\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1452719"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1452719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1480338"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1452719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1452719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1452719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}