Hello August,

25 Apr 22 12:44, you wrote to me:

 AA> I've only heard some occassional news on the matter in the last
 AA> few weeks.  Interesting.  And if I remember correctly, his
 AA> intention is to revert it back to a private company - in order
 AA> to avoid the current scrutiny that public companies endure.
 AA> That's an innovative and genius move. Twitter has now
 AA> established itself as a viable advertiser model, so it could
 AA> probably succeed as a private biz now.

To catch you up, here's an article from this morning:

From: https://tinyurl.com/mtur9hcx

==
         Twitter expected to finalize deal with Musk on Monday: Reports

   by Christopher Hutton, Breaking News Reporter
    April 25, 2022 09:53 AM

   Twitter is expected to finalize a deal with Elon Musk on Monday.

   Several news outlets are reporting that Twitter will likely announce its
   decision to accept Musk's initial offer to purchase the tech company and
   make it private.

   Twitter is expected to announce its acceptance of the $54.20-per-share
   deal on Monday after the tech company meets to recommend the transaction
   to its shareholders, according to Reuters. However, there is still a
   possibility that the deal may collapse, according to sources.

   The company's shares spiked 5% in premarket trading after initial reports
   of the company's willingness to accept Musk's takeover bid, according to
   the Washington Post.

   Twitter officials met with Musk on Sunday to discuss his proposed deal,
   and they attempted to determine the company's total value before agreeing
   to any deal with the billionaire.

   In a filing with the Securities and Exchange Commission last week, Musk
   said he was exploring a tender offer to purchase Twitter stock at $54.20
   per share - a number he reportedly told Twitter Chairman Bret Taylor he
   does not intend to budge from. Musk claimed he secured $46.5 billion in
   financing to purchase the shares.

   Twitter initially responded to Musk's offer with hesitancy, implementing a
   "poison pill" that would limit Musk's ability to purchase all of Twitter's
   stock without the board's approval. Twitter employees appeared concerned
   about Musk's acquisition, requiring Twitter CEO Parag Agrawal to assure
   employees at an all-hands meeting that the board was not being "held
   hostage" by the offer.

   House Republicans asked Twitter last week to maintain all records of its
   dealings with Musk over the offer due to concerns about fiduciary duty and
   potential limitations on free speech.
==

-- Sean

... Dogs accept man as boss; cats ask for a resume.
--- GoldED+/LNX 1.1.5-b20180707
 * Origin: Outpost BBS * Johnson City, TN (618:618/1)