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I think this means that Musk's acquisition will be completely over, and many people will also see this as a farce.
To some extent, when Musk said that he wanted to buy Twitter, many people themselves were very optimistic about this acquisition, and they also believed that this acquisition could further strengthen Musk's corporate influence. For Musk, because Musk himself has a corresponding acquisition demand, and Musk also needs to promote his corporate brand in this way, it is difficult to imagine why Musk would terminate this agreement. After this incident, some people speculated that this behavior itself was a means for Musk to get cash, and even said that Twitter was cooperating with Musk to do so.
This event means that Musk's acquisition will come to an end completely.
Because the farce itself has lasted for a long time, and Musk and Twitter have different statements, it is difficult for us to judge the rights and wrongs of this acquisition in a simple way. Whether it is for Musk or for Twitter, if it can successfully acquire Twitter, this behavior is of course a very good thing. But if he can't buy Twitter, Musk has at least successfully obtained some of Tesla's cash in this way, and this method will not cause Tesla's stock price to be ** because of Musk's arbitrage behavior.
This means that Musk's personal credibility has diminished.
For the majority of netizens, because everyone regards Musk's acquisition as very important, and at the same time, they also think that Musk is talking about the acquisition with a serious attitude, and no one thought that Musk would do something that he did not believe in his words. To a certain extent, when Musk backtracks many times, these behaviors will only lead to a decrease in Musk's personal credibility, and many people will also regard Musk as an entrepreneur who likes to move his mouth. <>
Overall, I personally think that this matter may be beneficial for Musk to cash out, and Musk has indeed cashed out a large amount of Tesla's ** from it.
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Musk's $44 billion deal to buy Twitter has been terminated due to a recent deal with a whistleblower and payment of $7.75 million to him.
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This means that they probably won't have any dealings, and they probably won't have any other collaborations.
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This means that the cooperation between Musk and Twitter is completely terminated, and it also means that the two will conduct a series of grievances against Bo Gonggong.
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Musk officially announced the termination of the acquisition of Twitter, and Twitter's U.S. stock fell more than 3% pre-market. Musk found a lot of garbage and machine accounts on Twitter, although Musk has a very large number of followers on this social platform. But everyone slowly found that there were basically few real people.
Musk and Twitter reached an agreement in April for the acquisition of the company, and the total value is very high. It is believed that Musk himself is very optimistic about the future direction of this platform, but the deal was canceled after three months. At the same time, the reason given by Musk is that Twitter has violated many terms of the agreement, including fake accounts.
Musk may have found that Twitter is not worth the acquisition he negotiated before**, and may have forgotten to bargain with the other party, so he regrets it very much. Musk was buying in dollars per share at the time of the acquisition, but now the stock price is showing a trend of **. <>
Musk has been talking about garbage robots, which shows how much he hates it. At the same time, we will look for more problems from the operational side of Twitter. Twitter laid off a lot of management talent, and most of the company's internal teams were disbanded.
At the same time, Musk believes that Twitter's actions violate its obligation to keep the material organization part intact. If Musk takes over, he will need to re-absorb talent. And the whole team needs to be rectified, so it takes a lot of time.
Twitter has taken Musk to court and demanded that Musk continue to carry it out. The case will be heard in October, so everyone is looking forward to it and wants to see what the final outcome will be. At the same time, the matter has come to this point, and I believe that the personnel of the two sides will definitely get more and more embarrassed.
Musk needs to understand before making any decision so that he can prevent mistakes. At the same time, Musk has been very active on Twitter, and most netizens can see new developments almost every day, and even use the platform for marketing.
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On August 30, 2022, Twitter shares were trading more than 3% in pre-market trading** after an advisor to Tesla CEO Elon Musk sent a letter of dismissal to the company, officially notifying the company that the agreement had ended. On April 26, 2022, Musk and Twitter reached an acquisition agreement, under which Musk will acquire Twitter for $10 per share in cash, with a total transaction value of about $44 billion.
On July 9, 2022, Musk announced the termination of the deal, citing a number of serious irregularities at Twitter, including the issue of fake accounts. Twitter then took Musk to court, demanding that Musk continue to execute the previous acquisition agreement. On July 29, a Delaware judge announced that he would hear Twitter's case against Musk from October 17 to 21.
On August 16, 2022, the Delaware Court of Chancery issued a court order requiring Twitter to collect, review, and produce documents from former General Manager of Consumer Products, Kayvon Beykpour, in connection with the fake account. Musk said that the administration is a key figure, counting the number of fake accounts on Twitter.
Tesla CEO Elon Musk said that the basis of the August 29, 2022 termination notice letter is a supplement to the termination basis stated in the July 8 letter, not a replacement. On July 8, 2022, Tesla CEO Elon Musk said he would terminate the acquisition of Twitter for "serious violations" of several terms of the agreement, including the issue of fake accounts. When Musk signed a $44 billion acquisition of Twitter, he also signed a specific performance clause.
This means that the judge can force him to buy Twitter. In order for himself to get out of the deal, he would have to prove that Twitter had withheld harmful information when signing the agreement that would seriously damage his ability to run Twitter in the future.
So, rather than chasing down fake accounts, Zakett's new information about system security and data privacy vulnerabilities is all the more outrageous, and Musk has all the more reason to claim fraud if he can provide evidence to prove that these claims are true. In this case, while none of Zakett's allegations have been directly proven, he has given Musk more bargaining chips. But it also takes the legal battle to a more extreme level.
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The exact reason has not been disclosed. However, it can be guessed that there are some marketing accounts and garbage accounts on Twitter, and Twitter's stock price is very high. Musk found out that he had lost, so he repented.
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It may be that the other party violated the terms of the agreement, which involved the issue of fake accounts, and then stopped the acquisition.
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Now, Elon Musk seems to have officially pulled out of the Twitter deal, as he has officially informed the company that he will no longer acquire it because Musk has officially exited and therefore terminated.
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The reason why Musk wants to terminate the acquisition of Twitter,The first is that there are many unexplained fake account information within Twitter, the second is that Musk believes that the security vulnerabilities within Twitter are too serious, and the third is that after analysis, Musk's team believes that the cost of the acquisition plan is too high. According to the terms of the acquisition agreement, if Musk can prove that there are indeed major problems within Twitter, then it is reasonable for him to terminate the acquisition.
After Musk's legal team provides new evidence, the final outcome of this acquisition farce is about to be revealed. Previously, Musk had made corresponding preparations for the possible outcome of losing the lawsuit, **a large number of Tesla** in his hands. And even if he had to complete the acquisition, it wouldn't be a bad thing for a Twitter enthusiast.
After all, this acquisition turmoil has been full of twists and turns, which is more exciting than many serials, and it can be said that it has attracted the attention of the people who eat melons.
Originally, according to Musk's expectations, he would immediately carry out a large-scale overhaul of Twitter after completing the acquisition to make the software more suitable for his own needs. At the same time, he also plans to use Twitter as a platform for Tesla's promotion, using its huge user base to reduce the advertising cost of new energy vehicles. <>
But after learning about the relevant internal documents, Musk found that Twitter was far from being as secure as he thought. Various data vulnerabilities discouraged the Tesla founder, but Twitter did not accept his reason for stopping the acquisition and insisted on going to court. <>
The high cost of $44 billion has even been approached with caution by Musk, the world's richest man, but given Twitter's spam and false content, he still risked a credibility crisis and chose to accept a legal argument with Twitter. <>
How likely do you think Musk will eventually win the case?
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Musk no longer continues to acquire Twitter because in terms of talent management, although Musk's economy has been affected, this is not the most fundamental reason, the most fundamental reason is that the personnel turmoil of Twitter is very serious, and almost half of the senior managers and talents have left Twitter.
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Musk argues that Twitter Inc. has not "complied with its contractual obligations" and has seriously violated multiple terms of the acquisition agreement, and will terminate the agreement to buy the social platform Twitter for $44 billion.
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The reason for terminating the acquisition may be that Twitter is different, or it may be that the conditions given by themselves are not good enough. Hopefully, he will continue to pursue this plan.
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The money comes mainly through Musk's stake in Tesla.
For Musk, because the market value of Tesla and Space X operated by Musk is very large, and Musk is also the main shareholder of these two companies, Musk can get cash by realizing or pledging. After Musk was ready to buy Twitter as a wholly-owned company, Musk even said that he would buy Coca-Cola next. If this can be done, Musk's business territory will be further expanded.
Musk spent $44 billion to buy Twitter.
After a series of consultations and discussions, Musk set the cost of acquiring Twitter at around $44 billion to $46.5 billion. If Twitter's board of directors votes to confirm it, Musk will buy Twitter wholly through other market players, and will also turn Twitter into a private company. After that, Musk even plans to buy Coca-Cola, while also becoming Coca-Cola's largest shareholder.
Musk's money comes mainly through Tesla's shares.
Musk's worth has reached more than $200 billion, and for Musk, Musk can acquire many companies through shares in Tesla and Space X. Although Musk only has about $3 billion in cash, because Musk's assets are mainly in the form of shares, Musk can choose to realize his **, so as to obtain a large amount of cash. <>
Many people are also worried about Musk's arbitrage behavior.
Regarding the news of Musk's acquisition of Twitter and Coca-Cola, some people worry that this may be an excuse for Musk to cash out, while others say that Musk will become an important figure in the business adjustment of these two companies. In any case, Musk's worth is indeed very large, and he also has enough strength to acquire many companies. If these acquisitions can be completed, Musk's global influence will be further expanded.
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That is some of his previous investment money, which he also left behind
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First of all, he has his own business, and the business is very good and profitable; Secondly, he can raise funds from the market or apply for loans from banks.
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I think this money should be earned by his ** vote, or by the company under his name, after all, Musk has acquired many large companies.
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I think Musk wants to hype up other projects by buying Twitter, and some people say that Musk bought Twitter for his own ideals.
For Musk, although Musk does not have much cash in his hands, because Musk is the richest man in the world, Musk can get a lot of cash by cashing out. In this case, Musk can indeed spend $43 billion to buy Twitter, and even continue to increase on this basis. If Musk can successfully acquire Twitter, Musk's personal influence will be further increased.
What's going on here?
This is the news about Musk's acquisition of Twitter, which was rejected by Twitter's board of directors after Musk made his attitude towards the acquisition clear. At the same time, Musk said that he would use cash to buy all of Twitter's shares in full, and the share price could be raised to US dollars. If that were the case, Musk's acquisition premium would be more than 38%.
Musk's purpose in buying Twitter may be to hype up other projects.
The reason why I say this is mainly because Musk has no necessary business relationship with Twitter and current politics, and Musk's previous business was mainly Tesla and Space X. Because Twitter itself has a certain influence, but Musk can successfully acquire Twitter, Musk's control over social ** will be further enhanced, and he will also use this to operate other projects. <>
Musk may also buy Twitter for his own ideals.
According to Musk, Musk hopes that Twitter can fulfill certain social obligations, and at the same time, he also hopes that the other party can further promote freedom of speech. If that's why, Musk is indeed buying Twitter for his ideals. Some people said that Musk's acquisition was not simple, but the real reason may only be known by Musk himself, and many people are more concerned about the impact of Musk's acquisition of Twitter.
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