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In case you haven’t been listening, OutKick’s Clay Travis has been banging the drum for Tesla CEO Elon Musk to buy Twitter and restore {the marketplace} of concepts.
Travis was one of many first to make the suggestion, and on Thursday, that prophecy took one large step ahead. The latest experiences say that Musk has formally positioned a $41 billion supply to purchase the social media firm.
As you possibly can anticipate, the coddled blue test marks are having a meltdown — simply as Travis predicted.
“The left wing blue check panic over @elonmusk potentially buying @twitter is glorious,” Travis wrote. “All the blue checks who have lectured us for years by saying, ‘It’s a private company, if you don’t like it, leave’ are panicking like crazy over their echo chambers being challenged. Love. It.”
And even when Twitter declines the supply, Musk has nonetheless received. As Travis stated, Twitter would have a number of shareholder lawsuits coming its means.
“Additional thought, if the board rejects the offer, there’s no second bidder, and Elon walks away, the stock price would crash,” Travis wrote. “That would lead to massive shareholder lawsuits alleging the board had breached its fiduciary duty. Absent second bidder, Elon wins now.”
Follow Nick Geddes on Twitter @NickGeddesNews and on Instagram @nick.geddes.
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