Paul Stenhouse: Elon Musk now wants the rest of Twitter
Saturday Morning with Jack Tame · Newstalk ZB
April 15, 20225m 44s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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.