Twitter Rejects Musk Offer, So DeSantis and Musk Team Up to Make Twitter an Offer It Can't Refuse

Wildly popular Florida GOP Gov. Ron DeSantis and self-made Billionaire and entrepreneur Elon Musk are teaming up to take on one of the world’s most powerful social media platforms.

Musk’s recently announced he would be attempting to purchase 100 percent of Twitter in a bid to create a true free-speech platform. Musk offered to buy Twitter in its entirety at $54.20 per share, a 54 percent premium on the shares’ actual value. Twitter’s board of directors — which has led the company to adopt numerous left-wing-biased censorship policies — has fought back by initiating a “poison pill,” a method of diluting Musk’s shares in order to weaken his current standing.

Recent yet-to-be-confirmed reporting indicates that Musk is about to launch a countermove by teaming up with various additional investors. As it turns out, however, Musk already has allies in ownership. The state of Florida is a shareholder in the company through the state’s pension fund, and DeSantis is currently looking into what actions he can take to thwart the Twitter board’s “poison pill” effort.

According to WJXT, during a news conference on Tuesday, DeSantis announced that a team of lawyers is currently reviewing how the state can hold the Twitter board “accountable for breaching their fiduciary duty.”

It’s important to note that Musk previously used this exact language on Twitter’s platform Thursday, warning that the board may soon face legal repercussions for “breaching their fiduciary duty” to Twitter shareholders.

If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.

The liability they would thereby assume would be titanic in scale.

— Elon Musk (@elonmusk) April 14, 2022


What Musk didn’t mention at that time, however, was the fact that Ron DeSantis would be the one leading that charge.

“I don’t want to expend resources just to kind of be able to send out a press release or something. I mean, we really want to feel like we have a solid theory to be able to win,” DeSantis said, according to WJXT.

Is Twitter biased against conservatives?

Completing this poll entitles you to The Western Journal news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.
Yes: 100% (161 Votes)
No: 0% (0 Votes)

This content was originally published here.


from Tumblr https://ift.tt/48V2mIq
via IFTTT

Mga Komento

Mag-post ng isang Komento

Mga sikat na post sa blog na ito

Real Madrid and Arsenal on alert as Serge Gnabry continues to 'refuse' new Bayern Munich deal | Daily Mail Online

Imahe
Serge Gnabry’s ‘refusal to sign a new deal with Bayern Munich has some of Europe’s top clubs on alert’… 'with Real Madrid and Arsenal readying themselves for a transfer tug of war’ Serge Gnabry ’s refusal to sign a new contract with Bayern Munich is thought to be about to instigate a transfer tug of war between two of Europe’s biggest clubs.  The German international, who has won every trophy there is to win with the Bavarian giants, is said to be one of a number of Bayern Munich players currently unhappy at the club. Bayern Munich’s salary offers are said to have upset a number of players, including Gnabry himself.  Serge Gnabry’s 'refusal’ to sign a new deal opens up the possibility of him being sold this summer Serge Gnabry (left) and Robert Lewandowski (right) are both said to want to leave the club According to German publication Bild , Bayern Munich are not averse to selling the player this summer to command a transfer fee and so as to avoid Gnabry leaving for no...
Magbasa nang higit pa

AOC Wants to Ditch Her Tesla Model 3 After Elon Musk Teased Her on Twitter

Imahe
Democratic Rep. Alexandria Ocasio Cortez of New York said that she would switch from her Tesla to another electric vehicle after a recent back and forth between the firebrand progressive and Tesla founder Elon Musk. Ocasio-Cortez bought her Model 3 Tesla during the pandemic in 2020 to help her travel between Washington, D.C., and her Bronx-Queens District, New York, constituency. “At the time, it was the only EV that could get me from New York to Washington on like one or one-and-a-half charges,” Ocasio-Cortez said, according to Bloomberg News . Advertisement - story continues below But the outspoken member of the Squad now wants to buy an electric vehicle manufactured by workers who are part of unions. “I would love to switch,” Ocasio-Cortez said, according to the outlet Currently, Chevrolet Bolt, the Bolt EUV and the Ford F-150 lightning pickup are the only union-made electric automobiles available for sale in the United States, Bloomberg reported. When asked about Elon Musk...
Magbasa nang higit pa

Are electronic signatures legally binding | forms.app

Imahe
Electronic signatures are a simple and effective means to collect individual signatures for signature forms, petitions, or agreement forms. The user can add a signature field to their forms. The electronic form signature eases the process by saving time and energy on the signing part.  You may be a business owner searching to know whether signature forms are legally binding. This may determine the way you will proceed with your business plan. The help of online technology is in almost every aspect of everyday life. And, collecting signatures for online forms are essential for some business and institutions. Now, let us see how effective e-signatures are in different parts of the world. Benefits of electronic signatures? Using electronic signatures on online forms and contracts is a great help on many occasions. Electronic signatures can be used for contracts, sign-up forms, registrations, and so many more forms. In other words, there are many ways one can benefit from using th...
Magbasa nang higit pa