POTENTIAL DEAL DETAILS
|Date Announced||04/14/2022||Source||Press Release|
|Type||Unsolicited Bid||Acquiring Company/Person||An entity wholly owned by Elon Musk|
|Date of Confirmation:||04/25/2022||Price at Confirmation:||$52.03|
|Potential Profit:||15.42%||Annualized Profit:||511.57%|
April 15, 2022: Elon Musk is speaking to investors who could partner with him on a bid for Twitter (TWTR), sources close to the matter told
April 15, 2022: Twitter, Inc. (TWTR) announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan. The Board adopted the Rights Plan following an unsolicited, non-binding proposal to acquire Twitter.
April 18, 2022: Apollo Global Management Inc. (APO) is considering participating in a bid for Twitter (TWTR) according to people familiar with the matter, after Elon Musk’s $43 billion bid put the social-media company in play.
April 25, 2022: Twitter Inc (TWTR) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA) has called his “best and final” offer for the social media company, people familiar with the matter said.
April 25, 2022: Twitter, Inc. (TWTR) announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.
May 3, 2022: Elon Musk, who has agreed to take Twitter Inc. (TWTR) private in a $44 billion deal, has told potential investors he could return the social-media company to public ownership after just a few years. Mr. Musk said he plans to stage an initial public offering of Twitter in as little as three years of buying it, according to people familiar with the matter.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.