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Elon Musk, Twitter May Be Nearing A Deal

They say it takes two to tango, and it finally appears as though Elon Musk has convinced the Twitter execs to dance with him. Though they initially dismissed his billion dollar attempts to purchase Twitter, the 11-member social media board may now be closing in on a deal to sell the company to Musk, its largest shareholder.

Per the Wall Street Journal, Musk and board members met Sunday to discuss a deal. Those discussions ran into the wee hours of Monday morning, and reports now indicate a deal is likely.

Musk originally made an offer of $43 billion dollars that the Twitter execs swiftly rejected. However, Musk then made another offer, which enticed Twitter enough to dust off their dancing shoes. This new and improved offer has been reported as $46.5 billion, including $25.5 billion in financing from Morgan Stanley and as well as others, according to OutKick’s Sam Amico .

This most recent offer must have struck the right note since a potential purchase was discussed in the Sunday/Monday sit down, as was scheduling the close to a potential deal and determining any fees that would be incurred should a signed deal go awry, per the New York Times.

Following meetings that commenced Friday, Lauri Brunner, a shareholder who manages Thrivent Asset Management LLC’s large-cap growth fund, spoke in favor of Musk’s bid, per the Wall Street Journal: “He has an established track record at Tesla. He is the catalyst to deliver strong operating performance at Twitter.”

As support for Musk’s purchase grows from within, the board will likely soon be faced with the choice to sit it out or dance.

I think I speak for most of us when I say, I hope they dance.

 

Follow along on Twitter: @OhioAF

 

Written by Anthony Farris

Anthony is a former high school basketball intramural champion who played a leading role in creating two offspring. He spends his weekends hoping for an MTV Rock N' Jock revival.

Follow him on twitter @OhioAF

2 Comments

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  1. Looking forward to the “snowflake meltdown”. Maybe they can apply for the same jobs that Biden and Hill told the coal miners to persue …….. making solar panels and coding since they will not want to work for a “free speech” company. I may not agree with Musk on everything but he is definitely entertaining me.

    Elon…..heard Disney may be available at a good price!

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