Science

Elon Musk buys Twitter for $44 billion…to the chagrin of BlackRock, Vanguard and State Street

Twitter and Elon Musk were preparing to face each other in a Delaware court starting October 17th. In April, the billionaire agreed to buy the social network, but changed his mind three months later. He singled out the number of bots or automated accounts on the platform to justify his rejection. Twitter, by contrast, indicated that it had signed a binding merger agreement.

Elon Musk sent a letter to the social network on the night of Monday to Tuesday. He would also have warned the Delaware court of his intentions, according to the Wall Street Journal. Twitter later confirmed that it had received the email from Elon Musk, emphasizing that “the intention of the company is to complete this deal.” The two parties are discussing the conditions under which the acquisition can finally take place, the WSJ continues.

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Media point of view in 4-4-2
Buying all the shares of Musk: a gap in the Gafam monopoly

Elon Musk’s hesitation about taking over Twitter stems from Bill Gates and Vanguard’s attacks on Tesla. As a result of this war, Tesla shares fell from $381.82 on April 4 to $240.81 on October 5, Elon Musk had to look for other financial guarantees to renew his buy offer at $54.20 as originally expected. In addition to Tesla, he runs spacecraft company SpaceX and co-founded the neurotech company Neuralink and The Boring Company.

On the news of Elon Musk’s reversal, Twitter stock rose from $42.54 on Oct. 3 to $51.30 on Oct. 5.

Twitter positions itself as independent of Gafam. So why exactly were the owners of Gafam (Vanguard, Bill Gates) opposed to selling it? Yes, simply because Vanguard owns 8.95% of Twitter, BlackRock 4.66%, State Street 4.28%, etc. This purchase of all shares by Elon Musk is a violation of the information monopoly owned by Gafam.

What happens when Musk takes office? Beginning of the answer:

Media at 4-4-2.

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