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Elon Musk Makes His Move on Twitter

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After buying shares in Twitter, Elon Musk has now put in a bid to completely take over the social networking company.

The Tesla CEO and billionaire reportedly put in a bid of $41.39 billion to take complete control of the company and earlier today in an official statement, Twitter said:

“The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.”

Musk sent the offer on Wednesday night along with a letter which said, “it’s a high price and your shareholders will love it”.

He indicated that the offer was the highest he was prepared to go and said if it was not accepted: “I would need to reconsider my position as a shareholder”.

Since Musk’s decision to buy around nine percent of Twitter’s stocks earlier this month – making him the company’s biggest shareholder, right-wing politicians, commentators and social media users have rejoiced in the notion that free speech and discussion on the platform may be reinstated.

Musk is a well-known free-speech advocate and Donald Trump fan. Twitter sparked outrage in 2021 as former president was perma-banned from Twitter after supposedly ‘inciting violence’ during the Capitol building riots.

Many social media users accused vocal lefty and former CEO of Twitter Jack Dorsey of hypocrisy and shutting down peaceful, free speech, pointing out that the former terrorist group the Taliban were freely allowed to use the platform while Trump was not.

Speaking to Twitter board chair Bret Taylor, Musk said:

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

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“Twitter has extraordinary potential. I will unlock it,” he added.

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Twitter’s shares saw a rise of 5.6 percent earlier today but the stock is still below Musk’s offer price, so his bid still may not be successful, but Wedbush analyst Dan Ives said the bid is a “historic move” and said he believed it will eventually result in Musk owning the platform;

Ultimately we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company”.

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Ives said despite the decision regarding this bid, the relationship between Twitter and Musk is likely to take “many twists and turns” in the weeks ahead as Twitter and Musk walk down this marriage path”.

Musk mysteriously rejected an offer to join Twitter’s board earlier this week, promoting rumours that he may have intended to take over the company, as a board seat would limit his steak to 15 percent.

The move comes after Twitter-critical Musk posted that he thought the platform was “dying” and added that his offer was “not a threat” but it’s simply not a good investment without the changes that need to be made.

“Twitter has extraordinary potential. I will unlock it.”

Notice: This article may contain commentary that reflects the author’s opinion.

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Libya: Factional Fighting Over Power

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There’s been a brief outbreak of factional fighting in the Libyan capital, Tripoli, Members of an “eastern faction” arrived overnight in an attempt to claim power.

They then left the city after several hours of clashes.

The armed escort had accompanied Fathi Bashagha, who was named as prime minister by a parliament based in eastern Libya.

He has been trying to take over from Abdulhamid al-Dbeibah, who was appointed prime minister after UN-‘brokered negotiations’ last year.

Mr. Bashagha says his “western rival forfeited his claim to the office when he failed to hold elections as scheduled.”

 

 

 

BBC/Christopher Ojilere/Shakirat Sadiq

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Tiger Woods, Jordan Spieth, Rory McIlroy Dream Team

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Tiger Woods Jordan Spieth Rory McIlroy Dream Team

tiger woods, Jordan Spieth and Rory McIlroy Grouped into the first two rounds PGA Championshipthe US PGA announced on Tuesday.

READ | TIGER WOODS BUZZ BUILDING COMPETITIONS SEE THREATS AT PGA CHAMPIONSHIP

Woods’ epic comeback story will play out alongside Spieth’s career major and McIlroy’s fifth major title race, creating a star-studded pairing that drew crowds.

The trio will start their first round from the 10th tee on Thursday at 15:10 (South Africa time) and the second round on Friday from the first tee at 20:36 (South Africa time).

Woods, a 15-time major champion who returned from a serious leg injury at the February 2021 Masters, struggled for 72 holes at Augusta National, but despite playing sore over the weekend Forbearance, but still finished 47th.

READ | Charl Schwartzel as Phil Mickelson pulls out of PGA Championship

Spieth, a three-time major champion, will try to complete his career major by capturing the Wanamaker Trophy after winning the PGA Heritage Championship last month and finishing runner-up last week.

McIlroy, chasing a third PGA title, has not won a major since the 2014 PGA Championship.

Thursday’s 10th tee will lead Woods and company at 14:38 to three groups of Tokyo Olympic gold medalist Zand Schauffele, fellow American Tony Furnau and 2021 Masters champion Hideyoshi Matsuyama of Japan. Tree.

READ | Gary player’s son confirms lifetime ban from Masters

On the 10th tee at 15:00 on Thursday, the group just ahead of Woods will include world No. 4 Australia’s Cameron Smith, American Will Zalatoris and No. 6 Norway’s Viktor · Hofland.

The Woods combination is followed by Masters champions Patrick Reed and Bubba Watson and U.S. Open champion Justin Rose.

Four-time Grand Slam champion Brooks Koepka of the United States will play alongside Australian Adam Scott and Ireland’s Sean Lowry at 20:03 on Thursday afternoon, with the next group including American Dustin Johnson, Justin Thomas and Patrick Cantley.

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No. 1 Masters champion Scotty Schaeffler joins defending U.S. Open champion Jon Rahm of Spain and defending British Open champion Colin Morikawa of the United States on the first tee at 20:36 Tee off.

1991 PGA Championship winner John Daly hits the tee

Spain’s Sergio Garcia, South Africa’s Charles Schwarzer and England’s Matthew Fitzpatrick will start on the front nine at 21:09 on Thursday.

1991 PGA Championship champion John Daly will tee off at 14:00 on Thursday with former champion Sean Michel and South Korean Yang Yong-eun to victory at Hazeltine in 2009.

By Garrin Lambley © AFP

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