Here’s Where Things Are at With Elon Musk’s Twitter Purchase

Contact Your Elected Officials
The Epoch Times Header

Could billionaire CEO Elon Musk’s purchase of Twitter finally be in the home stretch?

According to a regulatory filing with the Securities and Exchange Commission (SEC), Musk’s acquisition of the social media platform has been unanimously approved by the board, recommending to stockholders “that you vote for the adoption of the merger agreement.”

Shareholders must still vote on the $44 billion takeover proposal. If Musk’s purchase were finalized today, investors would receive a premium of more than $15 per share at the current share price.

Musk responded to the news, posting a tweet on June 21 that “the vote of confidence is much appreciated.”

Speaking in an interview with Bloomberg at the Qatar Economic Forum on June 21, Musk confirmed that there were a few “unresolved matters” before he could seal the deal. For Musk, there are three issues that need to be resolved: fake accounts, shareholder approval, and debt financing.

“There is the question of, will the debt portion of the round come together, and then, will the shareholders vote in favor,” he said.

“There’s a limit to what I can say publicly,” he noted. “It is somewhat of a sensitive matter.”

Musk said he doesn’t want to be at the head of Twitter, preferring to focus on “driving the product.” He has never been too keen on corporate titles, changing his designation to TechnoKing at Tesla Motors.

Over the past month, there have been widespread concerns that the purchase would be called off.

In May, Musk threatened to walk away from the deal, writing in a tweet that his planned purchase was “temporarily on hold” as he waited for details on spam bots and fake accounts, although he reiterated that he was “still committed to acquisition.”

Later, Musk explained that his $44 billion offer was based on the company’s SEC filings being accurate. However, without accurate proof showing that fewer than 5 percent of the company’s accounts are spam, Musk said the “deal cannot move forward” until that proof is provided.

By Andrew Moran

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Here’s What the US’ Security Guarantees For Ukraine Might Look Like

Western security guarantees for Ukraine are one of the main issues delaying a political resolution to the conflict. Russia launched its SMO primarily in response to NATO-emanating threats from Ukraine.

The Cost of Anger

I will not write much here. There are no words I can say. I only wish to remember those forgotten casualties, the unseen cost of the current antagonism in America.

Another Mass Trans Shooter Not to be Discussed

Robin (Robert) Westman was identified by police as the suspect behind a shooting at a Catholic school that left two children dead and 17 others injured.

AI Techno-Hell Roundup: The Birds and the Bees

In addition to total supplantation of human labor, AI is also doing a number on homo sapiens’ psychological welfare — seducing lonely techno-serfs.

Flagged for Burning

Trump ordered AG to enforce laws against flag desecration focusing on flag burning linked to violent crimes, property destruction or other illegal activities.

Child Who Shielded Friends During Minneapolis School Shooting Praised by Officials

Officials praised children at Annunciation Catholic School in MN who put themselves in harm’s way to protect their friends during a mass shooting.

TransUnion Reports Data Breach Affecting 4 Million American Consumers

TransUnion LLC, Chicago-based credit-reporting firm, announced a data breach involving personal information of 4.4 million consumers throughout the US.

Trump Suggests Holding Republican National Convention in 2026

President Trump may call on the RNC to host a Convention midway through his presidential term, sometime before congressional elections in 2026.

US Economy Grew 3.3 Percent In Q2, Beating Prior Estimate

U.S. economy expanded at a 3.3% annualized pace in second quarter of 2025 with rate of growth exceeding earlier estimate and signaling economic strength.

Trump Says He Will Protect Social Security Amid Potential Congressional Cost-Cutting Proposals

Trump said his admin will protect Social Security and Medicaid, when asked which programs he would want to see cut in a congressional reconciliation bill.

Trump Admin Asks Military Base Near Chicago for Support on Immigration Operations

Naval Station Great Lakes was asked by DHS for “limited support in the form of facilities, infrastructure, and other logistical needs to support DHS operations.

DHS Proposes Revamp of Student and Exchange Visas, Citing Fraud and Abuse

The Dept of Homeland Security on Aug. 27 posted a draft version of proposed changes to temporary visas for overseas students and exchange visitors.

Trump’s 50 Percent Tariff on India Takes Effect

President Trump’s additional 25% tariff on India became effective at midnight on Aug. 27, bringing the total rate to 50% on many imports entering the US.
spot_img

Related Articles