Elon Musk was high when he made an offer of $54.20 a share to buy the entire Twitter platform for his own. He offered so much more money than the stock is worth for several board members at the social media megalith to mull his offer over. Today, it’s trading at $49.
Twitter board receptive
Latest word around the water cooler in Silicon Valley is that the Twitter board of directors is kicking around the concept of taking Elon Musk up on his offer to buy the company.
They held a big pow-wow on Sunday to at least consider the deal. It signals they may even open formal negotiations toward finalizing the sale. They have until Thursday to decide.
One insider leaked that “a board meeting took place on Sunday.” Their voice was quaking as they related, “discussions about Musk’s bid have turned serious.” The Deep State could actually lose control of Twitter.
That would be a catastrophe to the New World Order. CNN won’t go out on a limb and confirm it, because the rat leaked to Wall Street Journal, instead of them, that the fact both sides are meeting indicates “the social-media company could be more receptive to a deal.”
Meanwhile, back at the WSJ ranch, they couldn’t wait to typeset the headline “Twitter reassesses Musk bid, may be more open to deal.” That pretty much says it all. The social media platform itself exploded with speculation about the future of government restricted speech.
The New York Times was furious they got scooped but not so angry they couldn’t echo the panic. The board, they type, actually “planned to meet with Mr. Musk’s side later on Sunday to discuss other contours around a potential deal.” That’s the kind of reporting which earned them a type face of their very own.
Directors not talking
Nobody wants to drive the share price up or down on rumors, so none “of the people involved have commented on the meetings.” What Musk filed with the SEC last Thursday is a matter of public record. What it spells out is that he lined up “$46.5 billion in financing for the deal.”
He has the cash. That, WSJ laments, “seems to be the driving factor.” Twitter directors are about to jump like lemmings, following the dollar signs. They don’t care about repressing free speech, they’re good ole American capitalists and it’s what makes the place so great.
Globalists are horrified to read that “Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate.” Worse, “the situation is fast-moving.”
As the poker game proceeds, the board’s hole card is their personal estimate of what the platform is really worth. If it’s anywhere close to what Musk is offering, they’ll snatch it in a heartbeat. Especially if they think the price is really more inflated than it seems to the public.
Wall Street is already getting the ledges ready. According to Dan Ives of Wedbush Securities, “the Street will read this news today as the beginning of the end for Twitter as a public company with Musk likely now on a path to acquire the company.”
Ives does have a thin, paper straw for liberals to hang on to. Unless, he adds, “a second bidder comes into the mix.” If that happens, they can play both ends against the middle. “The board could officially reject Musk’s bid and then a hostile tender off will begin.” Where is George Soros when you really need him? Progressives wonder.
