Elon Musk has a history of social media engagement.
He enjoys tweeting about his enterprises, the economy, domestic and international politics, chocolate milk, and anything else on his mind.
Despite the platform’s expanding policy to restrict users who do not share liberal beliefs, he chose to purchase the social media behemoth Twitter since he adores it so much.
Musk’s continued purchase has been applauded by supporters of free speech, while liberals are booing loudly.
Throughout the transaction, Musk has been rather forthcoming in his Tweets.
In April, Musk and Twitter reached an agreement wherein the billionaire would acquire Twitter for $54.20 per share, or almost $44 billion. The transaction was anticipated to finalize later in the year. According to Mediate, Twitter’s stock price has fallen to $38.23 per share as of Friday.
“Here’s what bankers are telling me,” Charlie Gasparino told Neil Cavuto on Friday’s Your World. “So, take it for what it’s worth. And some of these bankers proclaim to be involved at least tangentially in the discussions, Musk’s discussions to take over Twitter. They say he is negotiating right now with Twitter about a lower price. His lawyers essentially have told him to lay off Twitter while this negotiation goes down because they’re not sure exactly where it’s going to show up.”
Musk is committed to purchase the firm for $54.20 a share, a figure he is likely to cover with a mix of his own funds and bank borrowing. Given the significant decline in Twitter’s stock price, as well as Tesla’s, which Musk would need to use as collateral to obtain financing, he looks to be seeking to renegotiate the price.
While the agreement compels Musk to purchase the firm for $54.20 per share, Twitter stockholders may choose to cash out at a lower price rather than wait for a favorable court ruling, Mediate adds.
“They’re looking at a way to creatively finance this where everybody makes a few bucks and walks away,” said Gasparino. “They’re in a pickle.”
More on this story via The Republic Brief:
This past week Twitter users became concerned about Musk, as their was silence on his profile.
Musk tweeted on June 21st and then was silent.
For a guy who tweets frequently, the lack of activity was concerning for some.
Charlie Gasparino spoke out and explained that Elon Musk’s unusually long Twitter hiatus has been due to ongoing negotiations between the Tesla Motors CEO and Twitter’s board of directors, Mediate writes.
“This thing could also be heading for litigation,” Gasparino continued. “For once, he’s listening to his lawyers. So that’s kind of where we are. And the price tag, a lot of people think, that’s gonna be worked out.” CONTINUE READING…