If you’re having trouble keeping up with the ever-changing Elon Musk-Twitter takeover bid situation, you’re not al1. Plus, the confusion around what happened and when is understandable, since the drama appears to have near-daily developments. So instead of clicking through hashtags on Twitter to find out what’s really going on, let us help you.
- Musk begins buying up Twitter shares in batches “almost daily”
- Musk announces 9% stake in Twitter
- Twitter offers him a seat on its board
- Vanguard Group reveals its larger stake
- Musk declines board seat offer
- Twitter investor files a lawsuit against Musk
- Musk offers to buy Twitter for $43 billion
- Twitter Stoom MuskがTwitterを購入するために入札を発表
- Twitterの取締役会は、Muskの買収による入札に対する「毒ピル」戦略を搭載しています
コンテンツ
- Musk begins buying up Twitter shares in batches “almost daily”
- Musk announces 9% stake in Twitter
- Twitter offers him a seat on its board
- Vanguard Group reveals its larger stake
* Musk declines board seat offer
* Twitter investor files a lawsuit against Musk
* Musk offers to buy Twitter for $43 billion
* Twitter stock falls as Musk announces bid to buy Twitter
* Twitter’s board of directors mounts a “poison pill” strategy against Musk’s takeover bid
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Our neat little timeline below outlines all the main bullet points you need to know to make sense of this social media Succession -like situation.
Musk begins buying up Twitter shares in batches “almost daily”
January 31, 2022: While this story seems to have started in April, its beginnings really lie back in January of this year. The Associated Press reports that regulatory filings showed that the Tesla CEO began buying Twitter shares on January 31 on an “almost daily” basis.
Though few took notice, it’s clear Musk had an early interest in building up stake in Twitter.
Musk announces 9% stake in Twitter
April 4, 2022: All those shares Musk bought eventually added up to him having a 9% stake in Twitter. This stake was reported on April 4 in a regulatory filing. This is the point at which the story becomes public, because at the time, that 9% stake made Musk the bird app’s biggest shareholder. But keep reading, because that doesn’t last long.
It was also on this day that Musk put a poll on Twitter, asking his followers if they wanted an edit button.
Do you want an edit button?
— Elon Musk (@elonmusk) April 5, 2022
Twitter offers him a seat on its board
April 5 2022: Not long after Musk’s 9% stake in the company is announced, Twitter offers him a seat on its board. Twitter CEO Parag Agrawal announces Musk’s appointment to the board via a tweet on April 5.
The board seat offer came with a stipulation that Musk wouldn’t purchase more than 14.9% of Twitter’s remaining stock. Musk initially accepted this offer, saying he was looking forward to working with the team “to make significant improvements to Twitter.”
I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board.
— Parag Agrawal (@paraga) April 5, 2022
Vanguard Group reveals its larger stake
April 8, 2022:Regulatory filings showed that asset-manager Vanguard Group reported on April 8 that it actually has a 10.3% stake in Twitter, which means Musk isn’t the biggest shareholder anymore.
Musk declines board seat offer
April 9, 2022:Musk declines Twitter’s board seat offer. He was actually supposed to officially join the board that day, but instead chose not to join that morning, according to Twitter’s CEO.
April 10, 2022: The next day, Agrawal announces via a tweet that Musk had declined to join Twitter’s board. It was unclear initially why Musk chose not to join, but it seems his greater intentions were still in the works.
Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk
— Parag Agrawal (@paraga) April 11, 2022
Twitter investor files a lawsuit against Musk
April 12, 2022:Twitter investor Marc Bain Rasella filed a lawsuit against Musk in a New York federal court. The lawsuit alleges the following:
- That Musk may have failed to report his Twitter share purchases to the Securities and Exchange Commission (SEC) on time (within 10 days), and that, because of that, investors who sold their shares and were unaware of Musk’s purchase potentially missed out on gains they could have gotten when his purchase became public on April 4, as the share value increased quite a bit then.
- It’s also alleged that his delay to disclose his stock purchase resulted in Musk saving $143 million at that time while buying Twitter stock at a lower price.
Musk offers to buy Twitter for $43 billion
April 14, 2022: On April 14, Musk tweets that he made an offer to buy Twitter. The offer is for $43 billion, and Musk wishes to take the company private. Specifically, he wants to buy Twitter at $54.20 per share — that is his “best and final offer.”
According to a letter included within the SEC filing for the bid to buy Twitter, if the offer is not accepted, Musk said: “I would need to reconsider my position as a shareholder.”
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Twitter Stoom MuskがTwitterを購入するために入札を発表
2022年4月14日： MuskのTwitter Takeover入札が発表された後、Twitterの株が減少した後に長くはありません。
そしてマーケットウォッチによると、それは45.08ドルの価格で1.7％減少しました。
Twitterの取締役会は、Muskの買収による入札に対する「毒ピル」戦略を搭載しています
2022年4月15日： Twitterが4月15日に発表された取締役会は、ムスクの引継ぎの入札に対して「毒ピル」抑止力を採用していると発表した。毒ピルは何ですか？基本的に、与えられた会社の現在の株主が割引価格でより多くの株式を購入することを許可されているとき（ムスク）。
投資ペディアによると、異なる種類の毒ピル戦略があり、私たちが今説明したもの（あなたが去勢しようとしている投資家を除くすべての株主を除いて除いた株主のすべての株主を買うことを許されている）が「フリップイン」として知られています。毒ピル」この戦略は最終的に買収が引き継ぎたい投資家にとっては、買収がますます費用対立することになります。
Twitterの毒ピル戦略は、Twitterのムスクの賭け金が15％以上に増加した場合に蹴ると予想されます。
_この物語はまだ進行中です。この記事にもっと更新されます。