Why does Elon Musk want to buy Twitter?
The Story
The Times
3.9 • 1.6K Ratings
🗓️ 19 April 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
In an audacious hostile takeover bid, Elon Musk is holding Twitter to ransom. Either they let him run the whole company, or he'll pull the plug, selling off his stake and sinking their share price. So, what next for Twitter? And why does the world’s richest man want to buy it?
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Guest:
- Danny Fortson, West Coast Correspondent, The Sunday Times.
Host: Manveen Rana.
Clips: Fox News, BBC Radio 5 Live, Sky News, Tesla, CNET, CBS, Yahoo Finance.
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Transcript
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| 0:00.0 | Just over a week ago, the tech world was completely caught off guard. |
| 0:10.0 | When it was revealed that the mercurial billionaire Elon Musk had secretly managed to become |
| 0:16.8 | the largest shareholder in Twitter. |
| 0:20.3 | Elon Musk, who's the head of Tesla and SpaceX famously a billionaire, just announced |
| 0:24.6 | he has bought an almost 10% stake in Twitter. |
| 0:28.0 | It was a shock, because whilst Musk is one of the biggest stars on Twitter, with millions |
| 0:33.2 | of followers, he's also been one of the platform's loudest critics. |
| 0:39.0 | So why was he buying up shares? |
| 0:41.2 | Was it even legal? |
| 0:43.4 | And what did Elon Musk want with Twitter? |
| 0:47.2 | By last Thursday, the answer was becoming a little bit clearer. |
| 0:52.8 | Elon Musk has offered to buy Twitter. |
| 0:55.2 | He says he'd paid just over $54 a share, and if his offer wasn't accepted, he'd consider |
| 0:59.6 | his position as a current shareholder. |
| 1:04.0 | In an audacious, hostile takeover bid, Elon Musk is holding Twitter to ransom. |
| 1:10.6 | Either they let him run the whole company, or he'll pull the plug, sending off his |
| 1:15.0 | stake and sinking their share price. |
| 1:18.6 | So what next for Twitter? |
| 1:21.3 | And why does the richest man in the world want to buy an ailing social media platform? |
| 1:28.0 | You're listening to stories of our times from the times and the Sunday times. |
| 1:32.5 | I'm Manvin Rana, today, taking on Twitter, what's driving Elon Musk? |
| 1:48.4 | I am Danny Fortson, I am the West Coast correspondent for the Sunday Times, based out here in Silicon |
... |
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