Chris Reacts To Elon Musks Twitter Takeover Bid

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Video Creator’s Channel Chris Williamson

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Look Lets Give For The People That Dont Know

what’s going on I’m going to give you the breakdown. Elon Musk has offered to buy Twitter to take it private. This is from the New York Times article. Elon Musk offers to buy Twitter live updates his takeover bid at 54. 20 cents a share comes just weeks after he became the company’s largest shareholder here’s what you need to know um Twitter’s stock price suggests that the markets aren’t convinced by Musk’s bid.

I Dont Think I Agree With That

the New York Times is probably trying to spin it so Elon Musk has launched a takeover bid for Twitter offering to buy it for 54 20 cents a share. Just weeks after he became the social media company’s largest shareholder Mr. Musk said that this was his best and final offer representing a 54 premium over the day before. He began investing in the company in late January in the filing Mr. Musk said I don’t have confidence in management and that he couldn’t make the changes he wanted in the public market.

So At That Point, I Mean

that’s a pretty damning a comment from somebody who’s kind of just just arrived in the house. Hasn’t even taken their shoes off and he’s sort of curled a big fat one out in the middle of the carpet in front of everybody. I don’t like what you can make them for dinner let me take over yeah proper dinner This way otherwise I’m leaving I didn’t know because he’s actually posted the the tweet that’s gone super viral. I bet that this is the the most accessed sec document of all time by far so. He’s just tweeted saying I made an offer linking to an sec filing which.

  • shareholder twitter extraordinary potential
  • twitter stock price
  • markets aren convinced musk bid
  • takeover bid twitter offering buy
  • musk offered buy twitter private

Presumably Does That Have To Be

made public Is that the sort of right okay, So this was out there in any case and rather than him just letting somebody find this. He’s decided to get out ahead of it, but it’s got in it. It’s got some exhibits and I don’t know how common it is for this sort of stuff to be shown there in it. He says this is him to Brett Taylor chairman of the board. I invested in twitter as I believe in its potential to be the platform of sp for free speech around the globe and I believe free speech is a societal imperative for a functioning democracy.

However, Since Making My Investment I Now

realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company as a result, I’m. offering to buy 100 of Twitter for 54. 20 per share in cash a 54 premium. My offer is my best and final and if it is not accepted, I would need to reconsider my position as shareholder.

Twitter Has Extraordinary Potential.

I will unlock it so presumably you you might be able to explain this better, but presumably what he’s doing here is he’s saying um all of the shareholders in Twitter. I’m going to offer you a 54 premium on I started at 38 premium on the day before . However, if you don’t do that not only are you going to look like you’ve been cooked to your own shareholders, but I’m going to withdraw my i’m going to dump 10 percent of my stock back into all of my ownership and then the and then the stock will tank down again to wherever it was before the Elon mustang in the first place and so it is and by the way you’ll note that the 5420 number includes the the the number 420 which he also did whenever he said he was going to bring Tesla private at 420 dollars like maybe a couple of years ago back when it was worth much less than that. So he said I’ve got a private buyer for Tesla at 420 a share always this number 420 right why is that and why the number 420 is he’s not memeing his.

Way Through Are You Sure Because

are you kidding? Are you trying to suggest that Elon Musk is using 420 like blaze up day as I all that here’s what I’m suggesting actually here’s genuinely what I’m suggesting. I’m actually not sure that he’s not doing that but the reason that I think that this is so interesting is that is that um so much of of what you do as a founder as a CeO as all of these things really in the public sphere so much of what you do is about telling a story and people believing in you and honestly if I can be if I can be super clear I again being back to being earlier on every on everything when I was I bought Tesla stock really really long time ago and and since it’s like the one thing I wish I had put. like all of my money into but didn’t but but what happens is you’re looking at a company that effectively was insolvent and wasn’t gonna succeed unless he was able to get people to believe and I’ll tell you what he’s really good at is getting people to believe in something and then that allows kind of like that story to write out and become dominant, but he’s good at that like over and over and over again surely if he’s about to take this company private. His ability to make people believe from a value creation perspective now becomes irrelevant people. Don’t need to believe in Twitter as a platform they already need it The difference with him with Tesla is that he his ability to garner belief actually then pays out dividends in terms of the share price yeah that’s definitely true it’s a different story The main.

Thing That Hes Gonna I Mean

let’s assume this is even real right versus like it being some giant colossal joke and he’s gonna be sued by the sec again which he was when he did. The 420 thing in the first place is then I I think that there’s a huge percentage of employees They’re gonna be like I’m. I don’t wanna wanna work for this company anymore and so you could see how it like could completely tank the number of people that wanna work at that company, but it’s true that twitter has a gigantic amount of common square comment commons value that is in fact not properly unlocked like and I don’t know why it’s like people you know you know what Mark Zuckerberg used to call Twitter way back in the day when both companies were private. He called it a clown car that drove. into a gold mine, a company filled with schmucks that nobody like nobody knew what they were doing barely keep it going and it drove into one of the most valuable opportunities in the universe that’s Hilarious.

So Theres A Bit At The Bottom.

I don’t know what this is it looks like maybe a whatsapp message or something so this is again. This is in the sec filing right Sec. gov archives Blah Blah, Blah, Blah, Blah and this must be musk as I indicated this weekend. I believe that the company should be private to go through the changes that need to be made so presumably.

  • shareholder
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Hes Teed This Up At Least

over the weekend . After the past several days of thinking this over I’ve decided I want to acquire the company and take it private. I’m going to make you send you an offer letter tonight it. will be public in the morning? Are you available to chat and then there’s a voice script. He says best and final a.

I Am Not Playing The Back And Forth

game B. I have moved straight to the end. C. It’s a high share price and your shareholders will love it d if the deal doesn’t work given that I don’t have confidence in management, nor do I believe that I can drive the necessary change in the public market. I would need to reconsider my position as shareholder.

This Is Not A Threat.

It’s simply not a good investment without the changes that need to be made and those changes won’t happen without taking the company private. Finally my advisors and my team are available after you’ve got after you get the letter to answer any questions. There will be more detail in our public filings after you. receive the letter and review the public filings.

Your Team Can Call My Family Office With

any questions Can you imagine for a second that you are whoever It is that’s received this particular letter at Twitter last night. You know it’s a quiet easy Wednesday in the middle of April and out of nowhere like what’s that message from Elon Musk and a voice note and you go all right hold on a second Yeah I wonder what this is Oh Elon Musk. I I know it’s date night baby I I gotta I gotta look at this yeah yeah just wait there Oh Elon Musk’s offering 43 billion dollars to take my company private. I like I said I own like not a lot of twitter shares like not. I don’t know 10k worth or some number you know and like I just want to hold on to.

Them Just As A Relic.

I want to put them on my wall. You know there’s like a i didn’t. I never got a certificate. I don’t think you get certificates anymore.

Im On My Wall.

You’re like wow I knew that I knew knew about this when you know okay so he said what happens next in Musk’s Twitter takeover offer this is from the New York times. Elon Musk offered 43 billion dollars here is what will or or could happen next The board reviews the offer. The board will work with its advisors at Goldman Sachs to review Mr. Musk‘s offer they will have to consider amongst other things, whether the deal fairly values The company and whether Mr.

Musk Has The Financing To Cobble Together

a deal. The board cannot simply decide it does not like Mr. Musk as a suitor, but they can come up. with reasons why they don’t like the bid like, for example his ability to fund it said Stephen Davidoff Solomon, a professor at the school of Laurel Blah Blah Blah. The board announces its decision.

The Board Will Likely Take Up To

a few days to review the offer if it rejects the offer. It can go in one of several ways. It can put in a defense mechanism, known as a poison pill yeah what’s that okay so the details of the poison pill is I well. The concept of it is if you if you consume the poison pill it will kill you and so if I understand correctly it is there are there’s a huge amount of these in twitter’s bylaws maybe and by the way you know I I’m I’m not super familiar with it but there’s in twitter’s bylaws There’s a ton of poison pill. provisions that effectively said if a happens if B happens if c happens I this this this I guess software or this This public good so to speak is protected and so it’s possible and I don’t remember what the poison pill provisions are, but they exist in a number of different companies, um bylaws and at twitter.

My Understanding Is Theres A Huge

amount of poison pill provision. There’s more more than in most tech companies because they’re trying to protect it. It’s wild that that’s what it’s called.

Summary

Elon Musk offers to buy Twitter live updates his takeover bid at 54.&20 cents a share . Twitter’s stock price suggests that the markets aren’t convinced by Musk’s bid . Musk said that this was his best and final offer representing a 54 premium over the day before . He began investing in the company in late January in the filing Mr. Musk said I don’t have confidence in management and that he couldn’t make the changes he wanted in the public market. So at that point, I mean that’s a pretty damning a comment from somebody who’s kind of just just arrived in the house.& Hasn’t even taken their shoes off and he’s sort of curled a big fat one out in the middle of the carpet in front of everybody. I didn’t know because he’s actually posted the the tweet that’s gone super viral. This way otherwise I’m leaving I didn’t know because of the tweet . Musk says this is the the most accessed sec document of all time by far…. Click here to read more and watch the full video