Billionaire Tesla and SpaceX founder is being courted heavily by the state of Texas to move Twitter’s headquarters and operations to the Lone Star State.
First, Gov. Greg Abbott (R) reached out to Musk, and now a landowner in the state is offering a 100-acre tract of land for free, according to the Houston Chronicle:
An Austin-area man is offering Elon Musk free land to use for Twitter’s headquarters should the billionaire choose to relocate his newly purchased company from San Francisco to Texas. Twitter accepted Musk’s deal to buy the social media platform for $44 billion on Monday, which prompted Gov. Greg Abbott to invite the richest man in the world to move its headquarters to the Lone Star State and join three of Musk’s other companies.
Now Jim Schwertner, president and CEO of Schwertner Farms, is making his own offer to Musk.
“Elon Musk, Move Twitter to Schwertner, TX. 38 Miles North of Austin in Williamson County, and we will give you 100 Acres for FREE,” he noted on Twitter Tuesday.
Elon Musk, Move Twitter to Schwertner, TX. 38 Miles North of Austin in Williamson County, and we will give you 100 Acres for FREE
— Jim Schwertner (@JimSchwertner1) April 26, 2022
The Texan oversees a ranching and farming operation on some 20,000 acres of land just a little north of the Austin suburb of Georgetown, according to Austonia’s Andrea Guzmán. Schwertner said that moving Twitter’s HQ there would be a “win-win for everybody” noting that a company like that would bring in many jobs and lots of revenue to the local economy.
“We think it’s a good idea, especially when you’ve got Samsung coming to Taylor,” Schwertner told Austonia. “I mean, this area is exploding and we want to be part of this explosive growth.”
The Chronicle added: “Other social media giants with headquarters in Central Texas include Meta and TikTok. Musk’s companies Tesla, SpaceX and the Boring Company are also headquartered in the Lone Star State.”
“I just think with all the stuff he’s done, he evidently likes Texas, right or he wouldn’t have moved from California,” Schwertner noted about the billionaire. “And I want to be part of his plan if he’ll come visit with us.”
The cattleman and farm magnate repeated his offer on the social media platform on Wednesday seeking to get Musk’s attention. He told Austonia his offer is a “serious gesture to help the citizens around Williamson County.”
The offer could be somewhat premature, however, as Conservative Brief notes:
Elon Musk’s deal to purchase Twitter is not done yet.
Although Twitter agreed on Monday to accept Musk’s offer to acquire the company, there’s still a possibility that the deal doesn’t happen.
A Securities and Exchange Commission filing related to the purchase shows Musk is on the hook to pay a $1 billion termination fee should the deal fall through.
In one instance, the filing states that if the deal is not finalized on or before October 24, 2022, the SEC filing stipulates that Twitter “may terminate the Merger Agreement.”
The deal could also fall through if Twitter stockholders “fail to adopt the Merger Agreement,” though Musk’s offer is generous.
But that could only happen under “limited circumstances,” including if a third party separate from Musk decides to offer “a competing acquisition proposal that constitutes a Superior Proposal.”
“The board has to act as fiduciary, so if a higher price comes, they need to consider it,” an unnamed former investment banker told The Epoch Times regarding the deal.
“But if a higher price does come, Musk can always up his offer. Practically speaking though, there are no other potential buyers right now,” the report stated.