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Elon Musk buys Twitter for $44 billion

mmc

By mmc
in AngelsSpin.com Political Talk

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Jason Hall of Fame

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13 minutes ago, tdawg87 said:

Actually does Allagash distribute to CA? I thought they did.

TBH, I haven’t heard of that one. I’ll look for it now. I enjoy beer and like to support local breweries but I am truly a bourbon guy these days 

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  • 2 weeks later...
Redondo Hall of Fame

Redondo

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Twitter erupts after board endorses Musk’s bid for platform

Twitter users reacted in shock and awe Tuesday to the news that Twitter’s board of directors endorsed Musk’s offer to buy the social media company.

Fox Business reported on Tuesday that Twitter’s board "unanimously recommended" that its shareholders vote to approve Musk’s $44 billion bid to buy the company. A SEC filing from Tuesday revealed the board’s recommendation.

It stated that the Twitter board has "determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders; and (2) adopted and approved the merger."

After the news of the board's vote, Musk is one step closer to acquiring ownership of Twitter, a move many critics are still unsure would happen.

Washington Times columnist Tim Young mocked hysterical leftist in a tweet, writing, "The Twitter board unanimously recommended approving Elon Musk's $44 billion takeover... so get ready for all the leftists who said they'd leave Twitter... to not leave Twitter."

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Jay Hall of Fame

Jay

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3 hours ago, gotbeer said:

BTW.  Now I can see Elon paying the $1 billion opt out to get out of the deal.  No way will he pay close to 50% more than what the stock is worth.

The market overall is down right now but yeah 50% premium is high.

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St1ck Hall of Fame

St1ck

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14 minutes ago, Jay said:

Yeah I don't think it was 50% when he made the offer. Maybe I'm wrong.

Well it looks like at least for the moment he will take a loss on it 

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Jay Hall of Fame

Jay

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1 minute ago, St1ck said:

Well it looks like at least for the moment he will a loss on it 

Yeah he's paying a big premium unless he gets out of it somehow. Otherwise the market will rebound eventually.

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