Twitter Accepts Musk's Takeover Bid

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The Facts

  • Twitter has agreed to sell itself to Tesla and SpaceX CEO Elon Musk for roughly $44B, in a deal that follows weeks of drama pertaining to Musk's pursuit of the company. The deal is expected to close this year.

  • Shareholders will receive $54.20 cash for each share of Twitter stock they own, marking a 38% premium over the price from the day before Musk revealed he had purchased 9.2% of the company's shares, becoming its largest shareholder.

The Spin

Left narrative

This is bad news. Musk has a flippant attitude toward authority, and his naïve vision of Twitter as a platform of unlimited free speech is dangerous and almost unattainable. Twitter executives were right to tighten the rules to limit nefarious uses of their platform, and shouldn't have bowed to pressure.

Right narrative

Twitter needs Musk to help end the censorship the Left is using to reset American Marxism. There's no reason for the woke executives at Twitter to fight a Musk takeover unless they're afraid they won't be able to control public discourse, or that he'll discover ethical, moral and legal problems at the company.

Cynical narrative

Musk and his businesses face extraordinary regulatory headwinds and potential legal liabilities. Could the Twitter gambit be a way to curry favor with a certain segment of right-wing Republicans to try to sidestep those pressures?

Public figures in this story

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