Musk's wholly-owned acquisition of Twitter and its privatization have been made with the latest significant developments. The existing management, which had previously strenuously opposed and wanted to launch the poison pill program to block the acquisition, completely compromised completely. It seems that capitalist society is really capital to decide, in the face of the temptation of "a lot of silver", even cattle people can not be exempted from vulgarity.
Twitter announced on Monday (April 25) that the company's board of directors had accepted Musk's offer to acquire and take it private. Twitter said Musk will buy the company for $54.20 per share in cash for a deal valued at about $44 billion. The deal has received unanimous approval from Twitter's board of directors and is expected to close in 2022. But this is by no means a foregone conclusion, and there are at least a few key steps: one is to obtain approval from Twitter shareholders; the other is to receive applicable regulatory approval and meet other customary closing conditions. Upon completion of the transaction, Twitter will become a privately owned company wholly owned by Musk.
As soon as the news came out, it attracted global attention. It has become the biggest news on Twitter, and the screen is full of news of Musk's acquisition of Twitter. Advocates rejoiced, shouting that this was another victory for liberal democracy and a return to the spirit of free speech. Of course, there are also some people who oppose it, and the power is not small, and the reasons for opposing it are even various. There are objections that billionaires cannot and should not own a social media platform. A few bloggers said that if the final acquisition is successful, they will choose to immigrate to Canada, which is really a character. One opponent tweeted that Musk doesn't have a master's degree and therefore doesn't deserve to own Twitter. What needs more attention is that Tesla in the case of good financial performance q, local time closed down 12% on Tuesday, not unrelated to Musk's acquisition of Twitter. According to a new regulatory filing filed Tuesday, Tesla CEO Elon Musk will not be allowed to include content that "disparages the company or any of its representatives" when he tweets about his acquisition of Twitter.
White House spokesman Psaki replied clearly to reporters' questions about Musk's acquisition of Twitter: Twitter is a very good public platform, and no matter who owns it, the president has said that its influence will not be weakened!
Of course, Musk tweeted that he hopes that even people who have spoken out fiercely about themselves in the past will stay on Twitter, because this is the purpose of acquiring Twitter for free speech.
Many bloggers predict that within a month Twitter will unblock a large number of users, including the official Accounts of Russia that were banned after the outbreak of the Russian-Ukrainian conflict, and Trump's return to Twitter or one of the first unblocked accounts. However, Trump said that even if the ban is lifted, it will not return to Twitter and will stay on TRUTH. He went on to say that he was a good man who supported Musk's acquisition of Twitter.
Voting on the U.S. midterm elections will be held in November, when Twitter is wholly owned by Musk, and the impact is great. Twitter will continue to develop with a new look and continuous innovation.
Twitter shares moved higher, closing up 5.66 percent on Monday (April 25) at $51.700 to move toward $54.20 for the buy price. It shows that the market is very optimistic about this acquisition, and fans are very recognized by this transaction! However, on Tuesday (April 26), Twitter shares fell 3.91% to $46.680. Mainly earlier in the day, Moody's put Twitter's BA2 rating on the downgrade watch list. Moody's said Twitter's assessment will focus on the new capital structure and its impact on credit metrics and cash flow. Meanwhile, S&P put Twitter ratings "BB+" on a negative watch list.
The battle around Musk's acquisition of Twitter is intensifying, and it is up to Iron Man to withstand the attack of various open guns and dark arrows.