• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Elon Musk’s Twitter Takeover Will Likely Happen, Wedbush Says

April 14, 2022
in Finance
0
Elon Musk’s Twitter Takeover Will Likely Happen, Wedbush Says
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter


  • Elon Musk’s takeover proposal of Twitter will likely end in a deal, Wedbush said on Thursday.
  • Musk offered to take over Twitter for $54.20 per share, representing a premium of about 18%.
  • “We believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,” Wedbush said.
Loading Something is loading.

Elon Musk’s proposal to acquire Twitter for $54.20 per share will likely end in a deal, Wedbush analyst Dan Ives said in a note on Thursday.

“Ultimately we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,” Ives said, adding that it would be difficult for any other bidders to emerge with a counter-offer, and that “the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter.”

Musk’s takeover offer represents a premium of 18% relative to Wednesday’s closing price for Twitter shares, and the offer comes after Musk already built a more than 9% stake in the social-media company earlier this year.

The offer represents a 54% premium relative to the day before Musk started building his stake in Twitter in January.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk said in a filing made with the SEC.

“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company…Twitter has extraordinary potential. I will unlock it,” Musk said. Twitter acknowledged that it received the offer and it will be reviewed by its board of directors.

Ives expects that a deal will get done between Musk and Twitter, in what has turned into a “game of thrones” between the two parties.

But many questions remain, according to Ives, including financing the deal, potential regulatory issues, and Musk’s ability to balance time between Tesla and SpaceX. “But ultimately based on this filing it is a now or never bid for Twitter to accept,” Ives said.

“The next step will be Twitter’s board officially reviewing the Musk filing/letter and then its get out the popcorn time as we expect many twists and turns in the weeks ahead as Twitter and Musk walk down this marriage path,” Ives said.

Twitter shares were up 7% to $49.14 in early Thursday trades, well below Musk’s offer price of $54.20 per share, signaling that investors are skeptical a deal will actually get done. And if a deal doesn’t get done, there is the real risk that Musk becomes disinterested with his stake in the social media company and sells it, adding negative selling pressure to the stock.

Previous Post

NVIDIA and VW interviews, new brand ratings, gigafactories – the week

Next Post

Journalist slams Johnson over Partygate excuses

Related Posts

How to Calculate Return on Equity (ROE)
Finance

How to Calculate Return on Equity (ROE)

Return on equity (ROE) is...

Read more
Crypto Could Fall to $8,000, Scott Minerd Says
Finance

Crypto Could Fall to $8,000, Scott Minerd Says

Guggenheim CIO Scott Minerd says...

Read more
Reuters reveals German gas importer VNG to transfer euros to Russia for payment
Finance

Reuters reveals German gas importer VNG to transfer euros to Russia for payment

Business & FinanceDealsEnergy09 May 2022,...

Read more
Various Reasons Why Businesses Are Transitioning to New Technology Trends
Finance

Various Reasons Why Businesses Are Transitioning to New Technology Trends

Technological innovation is changing the...

Read more
Cardano (ADA) set for a 40% upswing
Finance

Cardano (ADA) set for a 40% upswing

Cardano (ADA) is set for...

Read more
Load More
Next Post
Journalist slams Johnson over Partygate excuses

Journalist slams Johnson over Partygate excuses

  • Trending
  • Comments
  • Latest
Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Thousands of Deaths and Adverse Reactions Deleted From VAERS – The Epoch Times

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

Sex/Life fans notice a HUGE editing fail in Adam Demos’ nude shower scene –

CDC believes NYC monkeypox case is real, says 5 incidents overall in US – Gothamist

CDC believes NYC monkeypox case is real, says 5 incidents overall in US – Gothamist

Ex-porn star Lana Rhoades flaunts 2.5st weight loss two weeks after giving birth

Ex-porn star Lana Rhoades flaunts 2.5st weight loss two weeks after giving birth

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Sims 4’s long-awaited customisable pronouns feature is finally here

The Sims 4’s long-awaited customisable pronouns feature is finally here

NASA captures eruption of Sharkcano – CNN

NASA captures eruption of Sharkcano – CNN

Airbnb is closing its listings business in China – CNN

Airbnb is closing its listings business in China – CNN

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Sims 4’s long-awaited customisable pronouns feature is finally here

The Sims 4’s long-awaited customisable pronouns feature is finally here

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Microsoft Intelligent Data Platform: Bringing together databases, analytics and governance

The Sims 4’s long-awaited customisable pronouns feature is finally here

The Sims 4’s long-awaited customisable pronouns feature is finally here

NASA captures eruption of Sharkcano – CNN

NASA captures eruption of Sharkcano – CNN

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....