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Twitter board says it is going to ‘put into effect the merger settlement’ regardless of Elon Musk’s newest transfer

by newsconquest0166



Who desires to possess Twitter? Possibly Elon Musk does not. Certain, perhaps he’s inflicting chaos to extract a lower cost from the Twitter board, however he simply as neatly might stroll away altogether and create a Twitter clone. There’s a “60%+ likelihood from our view Musk in the long run walks from the deal and will pay the breakup price,” analyst Dan Ives stated Tuesday.

However for now the board is attempting to carry him to it. On Tuesday morning, hours after Musk tweeted that “this deal can not transfer ahead” till his purported junk mail bot considerations are cleared up, the corporate filed its proxy observation for Musk’s takeover and stated it desires to near the deal “as promptly as practicable.”

The board, in different phrases, desires to rid itself of Twitter. I bought a brand new observation from the board Tuesday evening that learn, “The Board and Mr. Musk agreed to a transaction at $54.20 according to proportion. We imagine this settlement is in the most productive hobby of all shareholders. We intend to near the transaction and put into effect the merger settlement.” Key phrases: “Put into effect the merger settlement.” Felony motion turns out most likely.

However what if Musk will pay to make this deal pass away? What is going to turn out to be of the social community the media likes to hate? “Since it kind of feels there is a respectable likelihood Elon pulls out of the Twitter deal, who else could be in line to shop for up the items (at a miles larger bargain)? My white knight bet is Microsoft,” Techdirt’s Mike Masnick wrote Tuesday. He stated “I believe that on the finish of this procedure, it is going to be tricky for Twitter to stay an ongoing worry as its personal entity” as a result of “the board obviously has no clue what to do with it…”

At the within

Twitter workers are feeling each and every possible emotion — exhaustion, defensiveness, protectiveness, and all of the relaxation. A few of it’s glaring on Twitter. Lara Cohen, Twitter’s international head of companions, tweeted about Musk with out naming him, pronouncing “The way in which some media shops duvet him, and do headlines simply bc he ‘stated’ one thing (whether or not it is felony or factually correct or imaginable or now not) is SO trump 2016 protection it is painful to look at.”

Matt Levine’s must-read column

It is titled “Elon Musk Does No longer Care About Junk mail Bots.” The Bloomberg Opinion columnist stated “you will need to be transparent” that Musk “is mendacity:” Disputes about junk mail bots “aren’t why he’s backing clear of the deal, as you’ll inform from the truth that the junk mail bots are why he did the deal.”
“Twitter may just get all 229 million of its monetizable day by day lively customers in a room and feature them say ‘hi Elon, we’re actual,’ and that might now not persuade him, as a result of he does now not need to be satisfied,” Levine wrote. “He desires to pay a lower cost…”



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