Done Deal? Bloomberg News Reports Elon Musk to Proceed with $44 Billion Twitter Buy
The world’s richest man just shattered the internet again by reportedly agreeing to proceed with his $44 billion acquisition deal for Twitter.
Bloomberg News reported that Tesla CEO Elon Musk is now “proposing to buy Twitter Inc. for the original offer price of $54.20 a share.”
The outlet continued: “Musk made the proposal in a letter to Twitter, according to the people who asked not to be identified discussing confidential information.” Twitter shares reportedly “climbed as much as 18% on the news, after trading was briefly halted.”
MRC President Brent Bozell responded to the news on Twitter: “I can see why Elon Musk would turn his back on the lying leftists at Twitter, but for the sake of free speech I hope this deal still happens.”
I can see why Elon Musk would turn his back on the lying leftists at Twitter, but for the sake of free speech I hope this deal still happens. https://t.co/xj6n2uPEyO
— Brent Bozell (@BrentBozell) October 4, 2022
This new development in the Musk-Twitter saga follows a protracted back-and-forth legal battle between the leftist Big Tech platform and Musk over Twitter’s transparency on the amount of bot accounts active on its platform. The whole ordeal caused Musk to initially move to nix the acquisition.
Former Twitter head of security and whistleblower Peiter “Mudge” Zatko even accused Twitter of outright “lying” to Musk in a complaint sent to Congress and other federal agencies. The Washington Post summarized that Zatko warned of “‘extreme, egregious deficiencies’ in [Twitter’s] defenses against hackers, as well as its meager efforts to fight spam.”
Watch below as CNBC reported on Musk agreeing to proceed with Twitter purchase
Musk slammed the platform on March 26 for its censorship-heavy environment: “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.”
Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy.
What should be done? https://t.co/aPS9ycji37
— Elon Musk (@elonmusk) March 26, 2022
Time will tell if this means the Twitterverse will finally be the “the free speech wing of the free speech party” that it falsely propped itself up as being for years.
Conservatives are under attack. Contact Twitter at 415-222-9670 and demand that Big Tech be held to account to mirror the First Amendment, provide transparency, clarity on “hate speech” and equal footing for conservatives. If you have been censored, contact us at the Media Research Center contact form, and help us hold Big Tech accountable.
MRC Business Reader,
We see the media try to explain how “Climate Change” policies aren’t driving up energy prices and why the economy actually is in terrific shape – record inflation and supply chain crisis notwithstanding – and we think, “Where does this stuff come from?”
Readers of MRC Business know because we trace their dishonest talking points from their origin in the New York Times, Bloomberg News, and the business press down the putrid river of leftist media to CNN, MSNBC, and the Big Three networks.
We are the only organization whose sole mission is to expose anti-business bias in economics, energy, environmentalism, regulation, and labor. Defending free enterprise is a big job, and we need your help.
Donate today so MRC Business can continue to be there first when exposing leftist talking points before they gain strength downstream. A gift of just $15 per month goes a long way in the fight for free and fair media.
Do it today. The next media farce will be among us before we know it.
– The MRC Business Team