Twitter Accepts Elon Musk’s $44billion Acquisition Offer
Apr 27, 2022 ·
1m 1s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
Twitter has announced that it has accepted Musk’s offer to acquire the publicly traded company at $54.20/share, valuing the social media platform at $44 billion. Twitter’s Independent Board Chair Bret...
show more
Twitter has announced that it has accepted Musk’s offer to acquire the publicly traded company at $54.20/share, valuing the social media platform at $44 billion.
Twitter’s Independent Board Chair Bret Taylor says the Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
He says the proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.
Musk repeated that free speech is the key to Twitter’s future adding that new products, fighting spam and opening up its algorithms, are things the company was already in the process of doing prior to his dramatic intervention.
show less
Twitter’s Independent Board Chair Bret Taylor says the Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing.
He says the proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.
Musk repeated that free speech is the key to Twitter’s future adding that new products, fighting spam and opening up its algorithms, are things the company was already in the process of doing prior to his dramatic intervention.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company