Twitter is set to agree a sale to Elon Musk for around $43 billion in cash, the price Tesla’s chief executive has called his “best and final” offer for the social media company, Reuters reports citing “people close to the file”.
Twitter could announce the $54.20-per-share deal later Monday after its board meets to recommend the deal to Twitter shareholders, the sources said.
Musk said Twitter needed to be private to grow into a true platform for free speech.
The deal would come just four days after Musk unveiled a financial package to back the acquisition.
The sale would represent an admission by Twitter that its new chief executive Parag Agrawal, who took the helm in November, is not doing enough traction to make the company more profitable…
Musk’s negotiation tactic – make an offer and stick to it – resembles the way another billionaire, Warren Buffett, negotiates acquisitions.
Taken from MacDailyNews: As we wrote earlier this month, “Broken a long time ago, Twitter is an oblique, myopic joke as it is currently run.”
Hopefully, Musk will be an agent of change for a platform that should, at this point, be seen as a public service to openly discuss all viewpoints.
Elon Musk is a doer.
Doers are great thinkers. The people who really create the things that change this industry are both the thinker and the doer in one. –Steve Jobs
Art and music, design and performance, opinion, fiction, provocation, are what we work to enable. It fills us with such a sense of pride as well as a deep sense of responsibility because we know that these freedoms need protection; not just the forms of speech that entertain us, but those that challenge us, those that annoy us and even displease us. They are the ones most in need of protection. Unpopular speech, unpopular art and unpopular ideas; discourse that questions those in power.
It is no coincidence that these freedoms are enshrined and protected in the First Amendment. They are the foundation of so many of our rights. Us means that we all have an interest and a role to play in defending them. It’s a responsibility that Apple takes very seriously… We work to uphold those freedoms that allow people around the world to express themselves. – Apple CEO Tim Cook receiving the 2017 Newseum Free Expression Award on April 18, 2017
The Internet has become as important as anything man has ever created. But these freedoms are curtailed. Please open your senses to people’s desire to keep the internet as free as possible… I don’t want to feel like the content provider with the best government connections or paid the most money has determined what I can watch and for how much. This is the monopolistic and unrepresentative approach of a true free market in the case of the Internet today. – Steve Wozniak, co-founder of Apple for The Atlantic, December 21, 2010
A few more quotes:
• Anyone who wants to overthrow a nation’s freedom must begin by subjugating freedom of speech. -Benjamin Franklin
• To consider the opposition as dangerous is to misunderstand the basic concepts of democracy. To oppress the opposition is to attack the very foundation of democracy. – Aung San Suu Kyi
• Because if you don’t stand up for the things you don’t like, when they come for the things you like, you’ve already lost. -Neil Gaiman
• Censorship reflects society’s lack of confidence in itself. It is the mark of an authoritarian regime. – Potter Stewart
• Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through all media and regardless of frontiers. – The United Nations
• If freedom of expression is taken away from us, then dumb and silent we may be driven, like sheep to the slaughterhouse. -George Washington
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