4.8 • 1.9K Ratings
🗓️ 14 April 2022
⏱️ 104 minutes
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0:00.0 | Oh man, we got big, big news today. You might even call it breaking news. That's what you might call it. Well, oh yeah, uh, we've been talking about this since things started to go down from the moment that speculation arose. |
0:30.0 | That Elon Musk was going to go after Twitter, that he cared about Twitter, that he liked Twitter. From that moment, we got on this show and said, what could this be about? What is the incentive? What is he really care about? Where's the money? Follow the money? Follow the cash. |
0:55.0 | And then the news story started to emerge after the 9.2% stake. After a couple of few billion dollars, whatever it was. Yeah. And then some started to speculate when the news came out that he would not be joining the board. When he would not be taking his seat, as had originally been planned. I mean, they even put him on the website. And he said, no, I'm good. I think it'd be better if I didn't. |
1:24.9 | And then people started to, people started thinking, maybe there's a little beef over there. People started thinking, maybe it's not, maybe there's trouble in paradise, Twitter paradise. |
1:38.9 | And then rumors started to come out that, oh, maybe Twitter employees are not big Elon fans and you have some sort of revolt. And then people said, no, the reason he doesn't take the seat is because if he takes the seat. |
1:53.3 | And there's a severe limitation on how much of the company he can own. Then the SEC comes out and says, hey, we're about to send you a fine because you didn't disclose in the right amount of time. |
2:05.8 | And then analysts come out and they say, no, no, no, no, no, no, this is all about a hostile takeover. They say, no, no, no, he doesn't want that seat because he's not happy with 9%. |
2:21.3 | Because this man wants it all. He sure does. And he could. The thing is he could. |
2:32.3 | Well, that's more complicated than you might think, well, there's a lot of people, a lot of approvals along the way that have to take place in order for something like this to go down, but he made a very aggressive offer that came out today. 40. |
2:49.3 | $3 billion, $43, $43 billies in cash, unsolicited bid to take Twitter private. And it's official because he just went on Twitter. Of course, it's where you would go with him like this. He went straight to Twitter and said, I made an offer. |
3:07.3 | And then a link to the official filing as you would do for an offer like this. He is a world's richest person. |
3:16.3 | This offer would be $54 and 20 per share in cash. The shares, that was like, I don't know what the shares are at right now because it's going up as you expected it would. |
3:27.3 | But it was some kind of 38% premium when I first read about it this morning, which isn't aggressive offer. |
3:34.3 | Can you pull out from the one day there and just go to like a, say, a one month? Yeah. So you can see the original boost over there. |
3:45.3 | You know, you had a jump thing. You were up almost 27%. And he appears to be sincere about this. He appears to. |
3:55.3 | In vision, a world in which Twitter is the town square of the world, the internet equivalent of it where free speech reigns supreme in a world. |
4:10.3 | Now, as I mentioned to you, Will, it's important to note that there's as aggressive as this offer is there's a. |
4:22.3 | The potential that it doesn't go through. There's the potential that it doesn't happen. |
4:27.3 | And those potentials lie in the fact that. |
4:32.3 | Well, first of all, the shareholders have to be in ignorance that they like this deal. |
4:37.3 | I have to imagine that the government wants to take a look at it. That's what governments like to do. |
4:43.3 | Organizations, filings, overseeing bodies and such. |
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