by Chris Black
Elon Musk just bought Twitter for something like 44 billion dollars.
"I can't believe they just let a billionaire buy Twitter."
-media person who works for a company owned by a billionaire
— Ben Carlson (@awealthofcs) April 25, 2022
Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
Transaction Terms and Financing
The transaction, which has been unanimously approved by the Twitter Board of Directors, is expected to close in 2022, subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions.
Mr. Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment. There are no financing conditions to the closing of the transaction.
Watch how many stories start popping-up on MSM about how much hate speech there is now on Twitter and how it is becoming a haven for right-wing fanatics and how all of the cool kids are dropping their Twitter accounts.
They will demonize the platform starting tonight and continuing forever.
AWS (Amazon Web Services) provides network support for Twitter.
AWS crushed Parler when Trump opened an account there.
What is to prevent AWS from disconnecting Twitter when people start posting anti-agenda “speech”?
Don’t get your hopes up.
— Reuters (@Reuters) April 25, 2022
The Siege of Twitter is coming.
So it begins: