So Elon Musk, whom I think has never managed to outgrow puberty, wants to buy Twitter.[1] At the Wall Street Journal, Dan Gallagher thinks Musk’s offer is too low.[2] At Puck News, William D. Cohan thinks the offer is (at least) “fair” and, further, that Musk’s threat to dump the shares he now already owns would depress the price dramatically.[3]
I’m out of my depth. I can’t tell you who is right, or if, in fact, either of them are. What I will tell you is that I rather very strongly suspect that either of these gentlemen has put more thought into Musk’s offer than Twitter shareholders have or will. That leaves me to suspect that, given the chance, they’ll take the money and run.
William D. Cohan, “The Twitter Board’s Panic Room,” Puck News, April 14, 2022, https://puck.news/the-twitter-boards-panic-room/
Rob Copeland, Rebecca Elliott, and Cara Lombardo, “Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake,” Wall Street Journal, April 14, 2022, https://www.wsj.com/articles/elon-musk-offers-to-buy-rest-of-twitter-for-54-20-a-share-11649932296
Dan Gallagher, “Musk Gives Twitter’s Board an Expensive Out,” Wall Street Journal, April 14, 2022, https://www.wsj.com/articles/musk-gives-twitters-board-an-expensive-out-11649954729
- [1]Rob Copeland, Rebecca Elliott, and Cara Lombardo, “Elon Musk Makes $43 Billion Bid for Twitter, Says ‘Civilization’ At Stake,” Wall Street Journal, April 14, 2022, https://www.wsj.com/articles/elon-musk-offers-to-buy-rest-of-twitter-for-54-20-a-share-11649932296↩
- [2]Dan Gallagher, “Musk Gives Twitter’s Board an Expensive Out,” Wall Street Journal, April 14, 2022, https://www.wsj.com/articles/musk-gives-twitters-board-an-expensive-out-11649954729↩
- [3]William D. Cohan, “The Twitter Board’s Panic Room,” Puck News, April 14, 2022, https://puck.news/the-twitter-boards-panic-room/↩