April 15, 2022 • 5 mins
So, Elon Musk now wants the rest of Twitter now?
What a bizarre two weeks it has been. After buying 9% of the company, being offered a seat on the board, then declining it, Elon Musk now made an unsolicited offer to buy Twitter for $43 billion. Boy, did people freak out. There are also questions about how he would finance such a deal... would it go on Tesla stock margin?
But... Twitter is now saying not so fast! Just today it's filed with the SEC to change its shareholder rights plan to prevent that from happening. Now if 'someone' in the next year was to try and takeover the company they can flood the market with shares to make it much more difficult to purchase.
LISTEN ABOVE
What a bizarre two weeks it has been. After buying 9% of the company, being offered a seat on the board, then declining it, Elon Musk now made an unsolicited offer to buy Twitter for $43 billion. Boy, did people freak out. There are also questions about how he would finance such a deal... would it go on Tesla stock margin?
But... Twitter is now saying not so fast! Just today it's filed with the SEC to change its shareholder rights plan to prevent that from happening. Now if 'someone' in the next year was to try and takeover the company they can flood the market with shares to make it much more difficult to purchase.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Mark as Played
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!