After news of Tesla and SpaceX CEO Elon Musk‘s offer to buy Twitter broke, fellow billionaire and entrepreneur Mark Cuban gave his opinion on the social media platform, detailing the chaos his move is causing.
Cuban warned Thursday that tech companies are “on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved,” adding that “Twitter is on the phone with their lawyers asking which can be their white knight.”
“Gonna be interesting,” his first tweet concluded.
Every major tech company , Google, fb, et al is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved. And Twitter is on the phone with their lawyers asking which can be their white knight. Gonna be interesting https://t.co/khCVPzuGiM
— Mark Cuban (@mcuban) April 14, 2022
He then said Musk’s threat to sell his shares if Twitter declines the offer opens a door for other tech companies to “walk in for relatively ‘little’ money and grab huge influence at Twitter or possibly a direct path to acquisition. Elon will smile all the way to the bank.”
Elon may have started this, but his threat to sell his shares ,if twitter says no, opened the door for those tech giants to walk in for relatively “little” money and grab huge influence at Twitter or possibly a direct path to acquisition. Elon will smile all the way to the bank
— Mark Cuban (@mcuban) April 14, 2022
MUSK TWITTER TAKEOVER COULD SUCK OXYGEN FROM FREE SPEECH ALTERNATIVES
He continued his speculation, saying, “And I should add, not just tech companies. Why wouldn’t not-so-friendly to the USA foreign money, with the source hidden, come in and buy Twitter for the influence it brings?”
And I should add, not just tech companies. Why wouldn’t not-so-friendly to the USA foreign money,with the source hidden, come in and buy Twitter for the influence it brings ? https://t.co/T7G65DjKdj
— Mark Cuban (@mcuban) April 14, 2022
He further predicted that “Twitter will do everything possible not to sell the company.”
I think Twitter will do everything possible not to sell the company. They will try to get a friendly to come in and buy Elon’s shares and get him out https://t.co/6pciryKVFG
— Mark Cuban (@mcuban) April 14, 2022
“Want to see the whole world lose their s***? Get Peter Thiel to partner with Elon and raise the bid for Twitter,” he subsequently tweeted.
Want to see the whole world lose their shit ? Get Peter Thiel to partner with Elon and raise the bid for Twitter
— Mark Cuban (@mcuban) April 14, 2022
Cuban eventually concluded that Musk “is f****** with the SEC.”
My conclusion, @elonmusk is fucking with the SEC. His filing w/the SEC allows him to say he wants to take a company private for $54.20 ?
Vs his “Am considering taking Tesla private at $420. Funding secured” Price go up. His shares get sold. Profit⬆️ SEC like WTF just happened.— Mark Cuban (@mcuban) April 14, 2022
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In a letter delivered Wednesday, Musk offered to purchase Twitter for $54.20 per share in cash. The offer was made to Bret Taylor, the chairman of the board at Twitter, and later revealed Thursday by the Securities and Exchange Commission. According to Musk, if his $41 billion offer is refused, he might “need to reconsider [his] position as a shareholder.”
