Closing Bell Overtime: Musk’s Twitter Takeover, Market Rebound 4/25/22
Closing Bell
CNBC
4.4 • 141 Ratings
🗓️ 25 April 2022
⏱️ 44 minutes
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| 0:00.0 | Welcome to Overtime, I'm Scott Wapney, you just heard the bells. |
| 0:02.4 | We're of course getting started here at Post 9. |
| 0:04.4 | In just a few minutes, I'll be joined by Tom Lee on Weather Stocks, which as Sarah said, |
| 0:08.6 | stage a major reversal today are now poised for a bigger jump. |
| 0:12.4 | As some are suggesting or more pain as the |
| 0:14.6 | fix rises energy falls in big tech starts reporting earnings in just 24 hours |
| 0:19.8 | from now would you begin though with our talk of the tape? The Twitter takeover |
| 0:24.1 | by Elon Musk, the deal sealed today after the board unanimously agreed to |
| 0:28.1 | Mr. Musk's original offer. Let's welcome and now our experts, big technology founder Alex Cantuis and |
| 0:34.3 | platformer editor Casey Newton both are cambec. |
| 0:36.7 | It's good to have you both with us Josh Brown from halftime will be on in just |
| 0:40.6 | a minute Alex I'll begin with you because you didn't think |
| 0:43.0 | we'd see this day did you? I did not and I'll say it may a copa I |
| 0:48.2 | underestimated at Elon Musk you know my doubt came from the fact that he didn't have the |
| 0:52.4 | financing lined up that was clear in the initial filings and he put in what was a record for an individual in terms of making an acquisition offer, you know, tens of billions of dollars betting |
| 1:03.7 | the health of Tesla on this. It's an extraordinary move for an out of the |
| 1:07.5 | ordinary individual and I take it back. Elon pulled it off and it's pretty |
| 1:12.1 | unbelievable to actually say today that we're sitting here |
| 1:15.0 | with him having a deal for Twitter in place. |
| 1:18.0 | Yep, Casey, your reaction, I mean the whole thing really did change when he he showed his hand and he happened to have a flush |
| 1:27.0 | That's right I mean in a lot of ways this was a fairly normal process |
| 1:31.5 | He made an offer of the board didn't believe him, they wanted him to show that he had the funding, he did it, they kicked the tires and decided it was the best deal. |
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