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.

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

With or without

The mullahs of Iran have been at war with the West, particularly the US, for half a century and Iran is also the world’s foremost champion of terrorism.

Artificial Intelligence Equals Awful Iniquities

WSJ article “AI is Learning to Escape Human Control” said in 79 of 100 trials, the o3 AI code systems edited their own code to prevent human shutdown!

VIDEO: Deranged Feminist vs. Mating Ducks in Epic Public Meltdown

A middle-aged white lady lib harasses mating ducks to “stop it!” because the rough sex they enjoy appears non-consensual on the part of the female.

RFK Jr. Slashes ALL U.S. Funding For Bill Gates’ Global ‘Vaccine Alliance’

Robert F. Kennedy, Jr. recently pulled all U.S. government funding from Bill Gates’ Global ‘Vaccine Alliance’ GAVI.

Musk Again Wades Into Politics, Calls GOP Bill ‘Insane and Destructive’

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!” Musk wrote in a Saturday post on X.

Nevada Seen as Case Study in Rapid Urban Sprawl Amid a Water Crisis

Nevada’s rapidly growing population has reached a critical intersection with the region’s worsening water crisis, according to experts.

US Streamlines Rule for Fining Illegal Immigrants, Will Issue Nearly $1,000 Daily Fines for Noncompliance

DHS and DOJ announced a new joint federal rule that streamlines the process of issuing fines for illegal immigrants, making it easier and more efficient.

Man Indicted on 12 Hate Crime Charges in Attack on Boulder Demonstration for Israeli Hostages

Boulder, CO man accused of hurling Molotov cocktails at demonstrators supporting Israeli hostages indicted by grand jury on 12 hate crime counts.

Canada-US Trade Talks Will End Until ‘Certain Taxes’ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end “until such time as they drop certain taxes,” U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.

Trump Says He Found a Buyer for TikTok

President Trump said he found a buyer for the Chinese-owned short video application TikTok, and that he will reveal the group in roughly two weeks.

Termination of ‘Wasteful Contracts’ Saves US Government $470 Million Last Week: DOGE

Over the past seven days, various government agencies have terminated 312 “wasteful contracts” with a ceiling value of $2.8 billion, the DOGE said.
spot_img

Related Articles