Elon Has Secured Equity and Debt for $46.5 Billion for Twitter

Musk announced Thursday morning he has $21 billion in cash equity from himself and other co-investors to make a $46.5 billion bid for Twitter and Elon arranged $25.5 billion of committed debt financing through Morgan Stanley. The debt is loans against Twitter and Tesla. Musk can make a tender offer conditioned on Twitter removing the…
Elon Has Secured Equity and Debt for $46.5 Billion for Twitter


Musk announced Thursday morning he has $21 billion in cash equity from himself and other co-investors to make a $46.5 billion bid for Twitter and Elon arranged $25.5 billion of committed debt financing through Morgan Stanley. The debt is loans against Twitter and Tesla.

Musk can make a tender offer conditioned on Twitter removing the poison pill.

There have been past takeovers of companies that had poison pills. In 2006, Pilgrim’s Pride will acquire all of the outstanding shares of Gold Kist common stock for $21.00 per share in cash. Gold Kist had put in a poison pill but Pilgrim’s Pride succeeded in taking over anyway.

Tender offers direct to shareholders and proxy battles can be used to takeover a company even if the company has taken poison pill measures.

The people currently running Twitter are incompetent. Elon will be able to takeover and increase the revenues of Twitter and grow it into the top or at least a top five social media site. Twitter is currently ranked about 20th in active users for social media sites.

By 2023, Elon will have 5-10 million users of Starlink. This will be up from 1 million at the end of this year. Elon will have 8 million Tesla customers which will be up from 2.3 million today. He will have acquired Twitter and it will have 400+ million active users. This will be up from 215 million today.

By 2026, Elon will have 100 million users of Starlink and 60-100 million Tesla customers. The future Twitter with short video will have over 1 billion users.

SOURCES- NYpost


Written by Brian Wang, Nextbigfuture (Brian has shares of Tesla and Twitter)

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Fact Mix 876: Snufkin
Read More

Fact Mix 876: Snufkin

Snufkin races through a joyous sprint of grinning experimentation and unabashed fun, the perfect chaotic chaser to a long festival season. Amsterdam-based DJ, audiovisual artist and curator Snufkin takes their name from one of the central characters from Tove Jansson’s Moomin universe, an anti-materialist philosopher and vagabond with an adventurous spirit and a hatred of…
Google and Tesla Will Compete With 10-100 Exaflop AI Clouds
Read More

Google and Tesla Will Compete With 10-100 Exaflop AI Clouds

In early 2022, Google revealed it is operating a full cluster of eight of these AI supercomputing pods in its Oklahoma data center. There is combined 9 exaflops of peak aggregate performance. Google believes this makes this “the world’s largest publicly available ML hub in terms of cumulative computing power, while operating at 90% carbon-free…
Entangled Others Studio visualise harmony between natural and artificial life in Hybrid Ecosystems
Read More

Entangled Others Studio visualise harmony between natural and artificial life in Hybrid Ecosystems

Neural networks trained on the sounds and images of the day-to-day of the world around us generate a constantly shifting, hybrid ecosystem. Entangled Others Studio was founded to tease out the complex entanglements between the human and the “more-than-human” world. Neural artist Sofia Crespo, generative artists and former architect Feileacan McCormick, sound artist Alejandro Mune…