Twitter Formally Accepts Elon Musk’s Takeover Bid – Opinion

It was evident that people were holding their breath on Twitter. Although I had refreshed several times, it was still showing the same tweets about very little. Only after seeing this tweet did I understand.

Twitter has reportedly accepted the Elon Musk offer. We’re about to see a Nov 2016 level freak out from the left.

— Robby Starbuck (@robbystarbuck) April 25, 2022

RedState reports that Musk is keen to buy Twitter. He began last week making plans for the acquisition. The legacy media and the radical Left—but I repeat myself—did their level best to make him look like Dr. Evil squared, and the Twitter board did all they could to block him, even tanking its own stock instead of accepting Musk’s offer.

Musk, despite their best efforts to the contrary, just waited and managed to get his ducks in order. The Twitter board fought back, turning their spears into ploughshares, and their swords into ploughshares. Finally, they gave up and accepted the inevitable.

Now, it’s done. It happened much faster than we thought.

🚨INBOX: Twitter has announced it will be purchased by Elon Musk’s entity for $54.20 per share. This transaction is estimated to have a value of approximately $44 Billion.

— Lauren Peikoff (@laurenpeikoff) April 25, 2022

PR Newswire

SAN FRANCISCO, April 25, 2022 /PRNewswire/ — Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon MuskFor more information, please visit: $54.20 per share in cash in a transaction valued at approximately $44 Billion. Twitter will be a private company upon completion of this transaction.

The agreement provides that Twitter stockholders will be entitled to receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022This was the day that Mr. Musk announced his approximately 9% stake at Twitter.

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr. Musk. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Musk purchased Twitter for the amount he offered, barely breaking a sweat.

#Savage.

First to stir the pot, a law, poet, artist, and apparently “satirist,” named Jarvis:

You can call me radical, but it’s easier to purchase Twitter than to register for the vote.

— Jarvis (@jarvis_best) April 25, 2022

Let’s get to the melting. Popcorn is done.

https://t.co/dDjlYLheaJ pic.twitter.com/ljIXIo5Jw3

— Jennifer Oliver O’Connell (@asthegirlturns) April 25, 2022