(Republican Party News) – Things in the Elon Musk-Twitter saga are getting interesting. Reports are saying that Musk’s counteroffensive against Twitter just may result in the self-made billionaire making a move to buy the company within the next two weeks.
Musk has been openly critical of Twitter for censoring free speech but when he became the company’s biggest shareholder recently Twitter’s board adopted a “poison pill” policy, diluting his share of the company and thus his leverage.
Elon Musk isn’t throwing in the towel though. Where there’s a will, there’s a way.
On Monday, an unconfirmed report indicated that Musk was looking to circumvent the new policy by teaming up with additional investors. Another report on Tuesday revealed that, according to the New York Post’s sources, Musk and his potential co-investors will be planning to present a tender offer for Twitter in about 10 days or so.
This investor team-up will be “a complex deal that raises debt against both the company and possibly [Musk’s] own stock, as well as a giant cash equity infusion from co-investors,” the Post reported.
“The co-investors will combined have more equity than Musk, but he will be the biggest single holder,” one of the Post’s sources said.
A Sunday report from Bloomberg also indicated such a deal could soon be on the way.
“Musk may try to partner with investors including Oracle Corp., given that its chief executive officer, Larry Ellison, is on [Tesla]’s board, along with a group of private equity firms including Thoma Bravo, Bloomberg Intelligence analysts Mandeep Singh and Ashley Kim wrote Friday,” the report noted.
“That partnership could raise the bid to $50 billion, they wrote.”
🎶 Love Me Tender 🎶
— Elon Musk (@elonmusk) April 16, 2022
The world’s richest man playfully hinted he could soon be offering a tender offer directly to shareholders on Saturday with a tweet.
According to Investopedia, a “tender offer” invites “shareholders to sell their shares for a specified price and within a particular window of time. The price offered is usually at a premium to the market price and is often contingent upon a minimum or a maximum number of shares sold.”
Musk directly offering a deal to Twitter shareholders would constitute a “hostile takeover” of the company.
One expert who has correctly predicted many of Musk’s moves believes the billionaire will be reaching his endgame soon.
Aron Solomon, the chief legal analyst for Esquire Digital, told The Western Journal that Musk is well-aware of how the constant news coverage of his acquisition has given him an advantage and that he does not plan to let that advantage go away.
“We’re going to forget about Elon Musk and Twitter three, four or five days from now if he allows it to go out of the news spotlight. So, I think that he’s got to make some really interesting, quick moves if he has an ultimate endgame here,” Solomon told The Western Journal.
“And if that endgame is to acquire more than 50 percent of Twitter, I think it makes more sense to get those things in motion now.”
“Like Elon Musk or not, one thing that we know is that he’s able to take things from zero to 60 very quickly, whether it’s SpaceX or Tesla or anything that he wants to do.”
We sure do like Elon Musk and would love to see him enact a “hostile takeover” of Twitter as soon as possible. It’s about time someone did.
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