Musk Owns Twitter. Now What?
It’s official, Twitter has accepted Elon Musk’s $44 billion buyout. Which was highly anticipated to happen thanks to a Reuters report from earlier today.
BREAKING – Twitter has been sold to Elon Musk and will go private after agreeing to a deal worth $44 billion. pic.twitter.com/vEkGwXTDmt
— Disclose.tv (@disclosetv) April 25, 2022
Under the terms of the agreement, Musk will acquire Twitter at $26 per share in an all-stock deal. Valuing Twitter at a 31% premium to its closing price on Friday.
The deal is still subject to regulatory approval, but assuming it goes through, Musk will become the sole owner of Twitter. Stockholders will receive $54.20 in cash for each share of common stock that they own upon closing.
Fox News reported that Musk has “already secured approximately $46.5 billion to finance the transaction, including $25.5 billion of fully committed debt and margin loan financing and $21 billion in equity financing.”
So what does this mean for the future of Twitter?
Well, for one thing, it’s likely that we’ll see some major changes to the platform under Musk’s ownership. As the self-described ‘free-speech absolutist,’ has been critical of the platform’s approach to free speech.
Former president Donald Trump, however, has already announced he would not return to Twitter even if Musk reinstated his account. As he is going to focus on TRUTH Social as the sole platform for his voice.
Users like radio host Mark Levin tweeted about their excitement over the new ownership, while announcing their comeback to the platform already.
Thanks to new ownership, I’ve decided to come back! 😊
— Mark R. Levin (@marklevinshow) April 25, 2022
Other users took to Twitter to share their optimism for the move, while also seizing the moment to gloat in the faces of liberals who have been vocally upset about this entire saga since its inception just 11 days ago.
Overall, the atmosphere on Twitter has been positive and lively since Musk’s announcement, but some users have weighed in to the fact that this news is just the beginning.
In fact, as Mark Dice put it, a flood of “wickedness” may be coming Musk’s way. Similar to what we saw with Trump just a little over a year ago.
I don't think Elon knows how much wickedness is going to come his way to try and derail his plans for this platform, his other companies, and his life. Just as Donald Trump.
— Mark Dice (@MarkDice) April 25, 2022
Regardless of what happens next, it’s important to remember that the corporate press is not going to take any of this news laying down.
They will likely unleash a smear campaign on Musk, attacking his life and his companies, as reported by Tucker Carlson just weeks prior.
As Carlson shared, Twitter was the bedrock for the progressive movement, which was made overtly clear when the board almost went against its fiduciary duty in an attempt to maintain its grasp on political discourse in this country over the best interests of its stockholders.
Fortunately, all of that controversy backfired today.
Now, one thing is for certain, today is a good day for freedom. And yet another bad day for woke institutions.
Elon Musk is buying Twitter.
CNN+ is shutting down.
Disney is being reined in.
It's a bad time to be woke.
— Lance Gooden (@Lancegooden) April 25, 2022