This interesting as we all know this is probably one of the most important story developments of this year and beyond.
Sell off continues on Tesla
Possible that Musk won’t waste his time with Twitter altogether if he decides just to launch his own platform which he has the cash to do so and thus circumvent the deep state altogether.
Just as this story broke yesterday about breaking up big tech former Obama intel officials writes a letter to congress expressing not to do so for National security reasons. See the pattern here? Of course they don’t want to, spying on people and controlling the flow of information is too profitable for the Nancy Pelosi’s of the world.
(YAHOO) – Elon Musk has secured commitments for $46.5bn (£35.5bn) that would allow him to bypass Twitter’s (TWTR) board and go directly to the social media company’s shareholders with his takeover bid.
Musk said he would personally provide $21bn of equity for the deal with another $12.5bn coming from margin loans, according to paperwork filed with the Securities and Exchange Commission on Thursday.
Banks, including Morgan Stanley, have agreed to provide another $13bn in debt secured against Twitter itself, according to the filing.
Musk has not yet determined if he will make a tender offer for Twitter or whether he will take other steps to further the proposal, the filing states.
Tender offers involve making a bid to purchase some or all shares of a company directly from its shareholders.
Musk’s response to Bill Gates who is promoting Climate nonsense is pretty epic.
Oh I love when the counter culture rises within a paradigm shift. The culture war is real!