Elon Musk Looks to Buy Twitter: Breaking Down the Offer Price, Potential Rival Bidders & Possible Implications on Tesla and SpaceX 4/14/22

TechCheck

CNBC

Disruptors, Investing, Faang, Technology, Business, Management, Cnbc, Tech

4.8 • 56 Ratings

🗓️ 14 April 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors start today’s show covering Elon Musk’s bid to buy Twitter, with Verge Editor-in-Chief Nilay Patel discussing the implications Musk’s ownership could have on Tesla and SpaceX. Then, NYU Stern School of Business Professor Aswath Damodaran weighs in on Musk’s offer price for the platform, and former Twitter Global Chair of News Vivian Schiller looks at whether the company could work as a subscription model instead of an ad business. Next, CNBC’s Robert Frank breaks down Musk’s options for funding the purchase, and former investment banker William Cohan shares his outlook for rival bidders who could also try to take over Twitter. NBC News Correspondent Gadi Schwartz also recaps his reporting on using crypto in El Salvador after the country made Bitcoin a national currency. Later, New York Times Contributor Kara Swisher joins for more on Musk’s potential motivations for wanting to own Twitter, and CNBC’s Mike Santoli analyzes the platform’s long-term share performance.

Transcript

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0:00.0	I'm John Ford. You're listening to CNVC's Tech Shack. Our show is live weekdays at 11 a.m. Eastern, listen in.
0:07.3	Good Thursday morning. Welcome to Tech Shack. I'm John Fort with Call King Tinea Dooder,
0:10.5	Dravosa and Julia Borsden. Elon Musk has made an offer to buy Twitter.
0:16.0	$54.20 a share at a valuation of $43 billion.
0:21.6	Today we're going to look into is that the right price? What's the
0:24.8	right strategy for the business and the right process and who's the right
0:28.9	leadership for this is
0:37.0	is quite a story julia i know that you've been uh... you know this is this is quite a story julia i know that you've been
0:41.1	talking about it uh... this morning as well you've been talking about it this morning as well.
0:43.8	You've been covering following Twitter for a long time.
0:47.5	Back up for a bit and 54-20 a share,
0:51.0	not necessarily a bad price for a lot of people, but there's a question, how's
0:55.0	Elon going to come up with that money?
0:57.4	He could sell some of what he's got to do it, but will he?
1:03.9	It seems like he is unlikely to do this by financing it all himself and selling shares.
1:08.8	We do see some pressure on Tesla shares as a result of that question, but there are really so many questions here,
1:14.6	John, and guys, about what's going to happen next.
1:17.2	I mean, the ultimate question is, what does Elon Musk want to do with Twitter?
1:21.5	Is he interested in it as a business venture? He says he can
1:24.4	only do with it what he wants if it's a private company and he has very publicly
1:28.9	criticized Twitter's reliance on advertising. Advertising of course comprises more than 90%
1:34.8	of all of Twitter's revenue.
	...

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