Per Editor: Li Zedong
At the regular press conference of the Ministry of Foreign Affairs held on the 26th, a Reuters reporter asked that Tesla recently reached an agreement with Twitter to acquire Twitter, and whether China will use this to influence Twitter to promote its national media reports?
In response, Chinese Foreign Ministry spokesman Wang Wenbin said, "I have noticed that you are very good at guessing, but there is no factual basis." ”
On April 25, local time, social media platform Twitter accepted Elon Musk's acquisition agreement. Under the deal, Musk will buy Twitter for $54.20 per share, totaling about $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
For now, the transaction is still subject to shareholder votes and regulatory approvals and is expected to close in 2022. According to data compiled by financial market platform Deepogic, it will be the largest transaction to take the company private in at least 20 years.
Under the agreement, Twitter's shareholders will receive $54.20 per share in cash upon completion of the deal, a 38 percent premium to the company's closing price on April 1. Brett Taylor, chairman of Twitter, said, "The Board conducted a deliberate and comprehensive process to evaluate Elon Musk's proposal and focused on the value, certainty and financing of [the transaction]. The proposed deal would result in a substantial cash premium, which we believe is the best way forward for Twitter shareholders. ”
In terms of acquisition funding, Twitter's board said Musk has secured $25.5 billion in debt and margin loan financing commitments and will provide about $21 billion in equity financing commitments. That's in line with the April 21 news that Musk said he had secured $46.5 billion in bond and equity financing commitments to acquire Twitter.
According to the Daily Economic News, if Musk's acquisition of Twitter is successful, then Twitter will become musk's second largest stock asset after Tesla.
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