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The psychopolice on twitter has the hours counted: Elon Musk makes a takeover bid for the majority of the shares of the social network. There will be laughs.

The worst the current Twitter board could hope for has happened: Elon Musk has launched a takeover bid for the majority of the company that manages the social media. The offer actually concerns 100% of its capital.

An updated Form 13D filed states that Musk has offered to " acquire all outstanding common stock of the issuer not owned by the reporting person for all cash consideration by valuing the common stock at $ 54.20 per share. (with a valuation the company about $ 43 billion) , "warning Twitter and its shareholders that this is its " high price "and" if the deal doesn't work ", it would " reconsider my position as a shareholder ". If he sold, he would send the value of the stock to peak, therefore, cunningly, he placed a nice blackmail on the table, even if the evaluation is actually very positive, given that today the value per share, despite the announcement, does not reach 46 e the whole society does not exceed $ 37 billion.

Here is the letter Musk sent to the Twitter president revealed in the 13D filing.

To Bret Taylor

Chairman of the board of directors,

I invested in Twitter because I believe in its potential to be the platform for free speech around the world and I believe that free speech is a social imperative for a functioning democracy.

However, since I made my investment, I now realize that the company will neither thrive nor serve this social imperative in its current form . Twitter needs to be turned into a private company.

As a result, I offer to buy 100% of Twitter for $ 54.20 per share in cash, a 54% premium the day before I started investing in Twitter, and a 38% premium the day before my investment was announced publicly. My offer is my best and final offer and if it is not accepted, I should reconsider my position as a shareholder.

Twitter has tremendous potential. I will unlock it.

-Elon Musk

We can say that the agreement is not necessarily successful because, as underlined in the proposal, it is not yet completely "financially insured" …

The Proposal is not binding and, once structured and agreed, it would be subordinated, among other things, to the

  1. receipt of any required government approvals;
  2. due diligence: legal, commercial, regulatory, accounting and tax confirmation;
  3. the negotiation and execution of definitive agreements which envisage the Proposed Transaction; And
  4. the completion of the advance loan "

Here is a message sent by Musk to Twitter management :

“As I pointed out this weekend, I believe the company would have to be private to go through the changes that need to be made. After several days of thinking about it, I decided to acquire the company and make it private. I will send you an offer letter tonight, it will be public in the morning. Are you available to discuss it? "

So the changes that Elon Musk intends to bring are so radical that they need a form as a NON-listed company. It does not want interference from third parties. Paradoxically, freedom of speech requires a unipersonal passage.

And the transcription of a voice message:

This is the best offer

to. I'm not playing bid and counteroffer.

b. I went straight to the end.

c. It's a high price and your shareholders will love it.

d. If the deal fails, since I don't trust management nor believe I can lead the necessary change in the public market, I should reconsider my position as a shareholder.

And. This isn't a threat, it's just not a good investment without the changes that need to be made.

And those changes won't happen without the company going private.

My advisors and team are available after receiving the letter to answer any questions

There will be more details in our public archives. After receiving the letter and reviewing the public documents, your team can call my family office with any questions.

Clearer than that you die. To relaunch Twitter, Musk intends to clean up the Lib / Dem authoritarian encrustation that has stifled the company so far. The potential as social media is enormous, but held back by the various "censors", "Fact Checkers" and "Friends of employees' friends", all people who destroy freedom of expression, also stifling the economic potential of society. This letter is also an implicit indictment of the way social media is managed in the US that by not allowing the exercise of freedom of speech (which is the exact opposite of letting people make racist accusations) also blocks its economic development. Musk sees only an opportunity to be exploited, changing a company that, as it is managed now, does not pay off.

Obviously the DEMs are going crazy with rage, they say “ Billionaires can't manage social media platforms ”, evidently hoping for Soviet control. Evidently the censorship must come from only one direction. Employees are “severely stressed”, because freedom requires the exercise of responsibility, and not just blind obedience to four dogmas. We must use culture and salt in the pumpkin, very rare goods. Here they go haywire.

However, at worst, Musk will sell his stakes well and have the resources to make his own Twitter.


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The article La Psicopolizia on twitter is running out: Elon Musk makes a takeover bid for the majority of the shares of the social network. There will be laughs. comes from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-psicopolizia-su-twitter-ha-le-ore-contate-elon-musk-fa-unofferta-pubblica-di-acquisto-per-la-maggioranza-delle-quote-del-social-ci-sara-da-ridere/ on Thu, 14 Apr 2022 13:50:44 +0000.