Will anyone outbid Elon musk to buy twitter and get approved by twitter's board before the poison pill expires?
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141Ṁ4705resolved Oct 29
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Close date updated to 2023-04-14 11:59 pm
Close date updated to 2023-04-14 5:00 pm
Close date updated to 2023-04-14 11:59 pm
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Presumably a consortium of Twitter employees and Bitcoin mega-millionaires will reach an agreement with Mr. Musk to de-list Twitter from the NYSE without Mr. Musk acquiring the entire company. Such an offer would have to be at a price higher than Mr. Musk's tender.
https://www.newslettr.com/p/2022-05-letter-to-twitter-stakeholders
Matt Levine floated this possibility in his latest column:
> But the most classic move for Twitter and its advisers here would be to use Musk’s bid to kick off an auction. Arguably what has happened here is that Musk has put Twitter in play, that after his bid it has to be sold, but not to him. I don’t know to whom, and this is not an easy gig for Goldman, given that Twitter is just as big and hard to finance for anyone else as it is for Musk. The obvious answer is another big cash-rich tech company, but that raises other problems. Mark Cuban tweeted that “every major tech company, Google, [Meta], et al. is on the phone with their antitrust lawyers asking if they can buy Twitter and get it approved. And Twitter is on the phone with their lawyers asking which can be their white knight.”
https://www.bloomberg.com/opinion/articles/2022-04-15/sure-elon-musk-might-buy-twitter