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The Prof G Pod with Scott Galloway

Bonus Episode: Elon Musk v. Twitter — with William Cohan

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Business, Careers, Entrepreneurship

4.45.3K Ratings

🗓️ 25 May 2022

⏱️ 32 minutes

🧾️ Download transcript

Summary

William Cohan, a founding partner and writer at Puck, as well as a former M&A investment banker, joins Scott to discuss how Elon Musk's deal to acquire Twitter might shake out, including what options he might have for backing out, how Twitter's lawyers might respond, and what it all could mean for shareholders. Follow William on Twitter, @WilliamCohan. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Okay, we are on with Bill Cohen, who is a professional acquaintance and also a friend who

0:16.1

has done fantastic work and written some of the more thoughtful, rigorous books about

0:21.7

the financial crisis and some of the icons of finance.

0:25.1

And is now either founder or co-founder of Pock, what's their title there?

0:29.4

I'm one of the founding partners of Pock, yes, which is of course owned by its writers,

0:36.7

which is I think a very wonderful development in the history of the world.

0:41.1

Yeah, and you guys have gotten a ton of traction really quickly.

0:45.9

I'm constantly reading, or your work is being referenced anywhere.

0:50.4

So Pock is a hot young media property.

0:53.9

Bill, I love you've gotten a ton of press around your, you've kind of become the Yoda around

1:01.7

the Elon saga.

1:03.2

And the reason I wanted you on today is to talk about that.

1:07.5

And when I say Elon, Elon slash Twitter saga, I'd love to get, let's start.

1:11.2

What is the state of play right now?

1:13.1

Where would you describe the current state of Elon's proposed acquisition of Twitter?

1:19.4

I think I would say Scott that the market is anticipating him actually being childish and

1:29.0

asking for a price cut.

1:33.1

The market is like, for Twitter is like 37 bucks a share, is offered $54.20 in cash.

1:41.3

We're not talking stock here.

1:43.3

If it were stock, then it'll give me the valuation might be more fungible.

1:48.5

Cash is supposed to be cash.

1:50.8

So he's offering $54.20 in cash.

...

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