‘Soap Opera Ends’: Analysts React to Musk’s Twitter Buyout

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Controversial Tesla Inc. CEO Elon Musk has Wall Street buzzing after social media platform Twitter Inc. accepted Musk’s hostile takeover bid to take Twitter private for $44 billion. Twitter’s board of directors accepted Musk’s bid on Monday after initially fending off the buyout by adopting a so-called poison pill. Tesla shares traded lower by 9.5 percent on Tuesday as Tesla investors mull the potential impact of another Musk distraction, as well as the possibility that he will sell some of his massive Tesla stake to help fund the Twitter acquisition. Musk has said his primary interest in Twitter stems from his concerns over its censorship of free speech. Twitter is one of the main ways Musk promotes Tesla, which devotes very few resources to marketing and does not advertise. Musk also has a long track record of attempting to silence journalists and target critics who have been publicly critical of Tesla. ...

Source: https://www.theepochtimes.com/soap-oper ... 28908.html