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Twitter Board Meets Elon Musk To Discuss Bid – Reports

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JUST IN: Elon Musk Offers To Buy Twitter

Twitter’s board reportedly met Elon Musk over the weekend to explore his $43bn (£33.6bn) takeover offer for the social media platform.

After the Tesla boss first revealed his bid, Twitter’s management announced a so-called “poison pill” strategy to fend off a potential hostile buyout.

Mr Musk plans to finance his bid with the backing of US lender Morgan Stanley and other financial institutions.

A spokesperson for Twitter declined to comment on the reports.

Details of how Mr Musk intended to finance his offer, which were disclosed to US regulators on Thursday, made Twitter’s 11-member board seriously consider a possible deal, according to Reuters, the New York Times and Bloomberg – citing anonymous sources.

Mr Musk, who owns a more than 9% stake in Twitter, has lined up a $46.5bn financing package for his bid, according to a regulatory filing.

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The funding will come from a mixture of his own assets and the backing of Wall Street banking giant Morgan Stanley and other firms.

A number of Twitter shareholders reportedly contacted the company after Mr Musk announced the financing plan and urged it not to miss the opportunity for a potential deal.

Dan Ives, an analyst at investment firm Wedbush Securities, said many investors will view the discussions “as the beginning of the end for Twitter as a public company, with Musk likely now on a path to acquire the company unless a second bidder comes into the mix”.

A hostile takeover attempt by Mr Musk, who is the world’s richest person, would put “further pressure on the board with their backs against the wall in this Game of Thrones battle for Twitter,” Mr Ives added.

Earlier this month, Mr Musk refused a seat on Twitter’s board, which would have limited the shares he was allowed to own. He then made made an unsolicited offer for the company on 14 April.

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The next day, Twitter’s board announced a plan to protect itself against a potential hostile takeover by adopting what is known as a “limited-duration shareholder rights plan”, also known as a “poison pill”.

The move deters anyone from having more than a 15% stake in the company. It does this by allowing others to buy additional shares in the firm at a discount.

A takeover bid is considered to be hostile when a person or business tries to take over another company against the wishes of the target firm’s management.

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Source: GhArticles.com/BBC

World Showbiz News

Blac Chyna Gets Baptized On Birthday As She Gives Life To Christ

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Blac Chyna Gets Baptized On Birthday As She Gives Life To Christ

Angela Renée, also known as Blac Chyna, says she is a born again Christian as she is baptized on her birthday.

The mother of two has turned a new age and has declared that she is now a born again Christian.

Despite her current court problems, which include allegations that she assaulted a woman in a pub, the reality star is eager for a new start.

She published a video of her baptism on her verified Instagram profile, claiming she’s now a born again Christian who plans to start over now that she’s devoted her life to Christ.

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Blac Chyna is an American model and socialite.

She originally rose to prominence in 2010 as the stunt double for Nicki Minaj in the music video for the song “Monster” by Kanye West.

Check out the video she shared below:

 

View this post on Instagram

 

A post shared by Blac Chyna 💋 (@blacchyna)

 

 

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Source: GhArticles.com

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Former Twitter CEO Jack Dorsey Reacts As Kendrick Lamar Visits Ghana

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Former Twitter CEO Jack Dorsey Reacts As Kendrick Lamar Visits Ghana

Ghanaians netizens are not the only ones who seem elated about American rapper, Kendrick Lamar’s arrival in Ghana as other foreign tabloids and personalities across the globe have reacted to his visit.

Award-winning American rapper Kendrick Lamar was reported to have been spotted in Ghana on GhArticles.com after photos of him relaxing at Capitol, a popular restaurant in Accra.

The reports carried photos and videos of Lamar supposedly with his entourage calmly seated at the lounge area of the restaurant in Accra, Osu.

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The photos garnered lots of reactions and sparked a lot of conversations on social media, Twitter precisely. A lot of the reactions expressed peoples excitement about Kendrick’s visit whilst others were curious to know the motive behind his arrival.

One of the photos shared on Twitter caught the attention of Jack Dorsey, the former CEO of Twitter, who retweeted the post on his timeline.

He simply urged Ghana to go higher as he captioned “Go” and attached the Ghanaian flag to it.

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Jack Dorsey’s love for Ghana has always been an evident after his visit to Ghana in 2019 for the ‘Year Of Return’.

Dorsey chose Ghana to be the headquarters of Twitter’s operations in Africa Two years after his visit.

 

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Source: GhArticles.com

 

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Pastor Sues Kanye West Over His Sermon On ‘Donda’ Track

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I'm Going To Be Homeless In A Year - Kanye West

Kanye West is getting dragged to court over one of his songs on “Donda” … because a pastor in Texas claims Yeezy sampled his sermon without his permission.

Ye is being sued by Bishop David Paul Moten, who claims Kanye filled out the song “Come To Life” with audio of Moten’s own religious speech.

In the document, obtained by TMZ, Moten claims his sermon is used for 70 seconds of the 5-minute, 10-second track … which is more than 20% of the song.

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Moten says his voice and sermon are used in the song intro and looped throughout the song … and he says it’s the latest example of Kanye and the music industry “willfully and egregiously sampling sound recordings of others without consent or permission.”

The pastor is also suing UMG Recordings, Def Jam Recordings and G.O.O.D Music and he’s going after all of them for damages.

 

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Source: GhArticles.com

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