Elon Musk buys Twitter
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Twitter Inc (TWTR.N) is nearing a deal to sell itself to Elon Musk for $54.20 per share in cash, the price that he originally offered to the social media company and called his ‘best and final’, people familiar with the matter said.
Twitter may announce the $43 billion deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added.
#Thoughts:
(1) It’s very much a Bad Thing to allow any individual to acquire enough wealth so that he can choose to buy a controlling interest in a $43 billion company.
(2) I don’t know much about Musk but what little I do know suggests he subscribes to some version of the various half-baked libertarian ideologies so prevalent among the Masters of the Tech Universe. So I imagine there’s a good chance one of his first acts at Lord of the Twitters will be to re-instate Donald Trump’s account — an act that would have very serious political consequences, to put it mildly.
(3) First as tragedy; then as farce; finally as Bond film.