Business
Posted by Charlie Kirk Staff - 4.25.22

Elon Musk Breaks His Silence After News of Twitter Acquisition Becoming Imminent

Elon Musk Breaks His Silence After News of Twitter Acquisition Becoming Imminent

Business
Posted by Charlie Kirk Staff - 4.25.22

Billionaire Elon Musk has broken his silence after news broke that the Twitter board may accept his offer to purchase the company.

The Tesla, SpaceX and StarlinkCEO is talking like his acquisition of the company is a done deal and assuring Twitter users that he wants free speech to come back to the platform.

“I hope that even my worst critics remain on Twitter, because that is what free speech means,” he said in a tweet.

Musk offered to purchase the company around two weeks ago with an offer of around $41 billion, stunning the industry.

Now it appears, according to The New York Times and several other sources, that the Twitter board is prepared to accept his offer.

The Twitter board met on Sunday to discuss Musk’s offer and a source said it got very serious, The Wall Street Journal reported.

The source said that the “two sides are meeting,” and that “the social-media company could be more receptive to a deal.”

The New York Times said that the board met earlier on Sunday and “Twitter’s board planned to meet with Mr. Musk’s side later on Sunday to discuss other contours around a potential deal.”

“Twitter is taking a fresh look at the offer and is more likely than before to seek to negotiate,” Wall Street Journal reporter Cara Lombardo said. She said that “the situation is fast-moving.”

Last week Musk shredded one of the Saudi owners of Twitter with two simple questions.

It came after Saudi Arabian billionaire Prince Alawaleed bin Talal said he would vote “no” on the proposal by Musk to purchase the company.

“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,” the Saudi prince said. “Being one of the largest & long-term shareholders of Twitter, [Kingdom Holding Company] & I reject this offer.”

“Interesting. Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?” Musk said.

Musk gave a simple response when asked about whether he has a “plan B” option for Twitter.

During a TED talk, host Chris Anderson asked Musk if there was a “Plan B” if his current offer to buy Twitter in an all-cash deal were rejected.

“There is,” Musk said.

“Well, I think we would want to err on — if in doubt, let the speech — let it exist. If it’s a gray area, I would say let the tweet exist. But obviously, in a case where there’s perhaps a lot of controversies that you would not want to necessarily promote that tweet, you know. So, I’m not — I’m not saying that I have all the answers here, but I do think that we want to be just very reluctant to delete things and have — just be very cautious with permanent bans. You know, timeouts, I think, are better than sort of permanent bans,” he continued.

“But just in general, like it said, it won’t be perfect, but I think we wanted to really have like the perception and reality that speech is as free and reasonably possible, and a good sign as to whether there is free speech is, is someone you don’t like allowed to say something you don’t like? And if that is the case, then we have free speech. And it’s damn annoying when someone you don’t like says something you don’t like. That is a sign of a healthy, functioning free speech situation,” he added.

Poll

Join the Newsletter