The Wall Street Journal reports today that Twitter’s senior management and Elon Musk are in the final stages of agreeing on terms for Musk’s proposed takeover of the social media platform. Musk had announced on April 21 that he had $46.5 billion lined up—half in cash, half financed by his bankers Morgan Stanley, Barclays, and Bank of America—for a purchase of the company. Musk was offering $54.20 per share for the takeover at a time when Twitter’s stock price was In the mid forties. This followed a spending spree that began in early 2022 and resulted in Musk owning more than 9 percent of...
Elon Musk is Angering the Right People
