UPDATE: Musk has taken over Twitter. He has renamed his Twitter bio to be "Chief Twit" (lmao).
Musk has begun firing executives after his takeover.
UPDATE: He has offered to buy Twitter at original price again.
UPDATE: He cancelled the deal: https://www.nbcnews.com/business/busine ... -rcna32211
UPDATE: The deal to buy Twitter has been accepted:
https://www.nytimes.com/live/2022/04/25 ... d=url-copy
https://www.prnewswire.com/news-release ... 32245.html
The saga's full details:
NEW YORK, April 25 (Reuters) - Twitter Inc (TWTR.N) is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price that he originally offered to the social media company and called his 'best and final', people familiar with the matter said.
Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.
Twitter has not been able to secure so far a 'go-shop' provision under its agreement with Musk that would allow it to solicit other bids from potential acquirers once the deal is signed, the sources said. Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.
Twitter and Musk did not immediately respond to requests for comment.
Another source says the deal can be reached as soon as Monday a.k.a today.
Judging from his record on free speech, he seems like a hypocrite, calling himself a "free speech absolutist" (with some reasonable restrictions) while paying people to silence his critics. Hence I'm wary of this purchase.
Your thoughts NSG?