The Limits of Elon Musk’s Twitter Takeover

From CJR’s The Media Today by Jon Allsop:

On Sunday, the Wall Street Journal was first to report that Twitter—having initially appeared to balk at a takeover bid from Elon Musk, the world’s richest man, that itself followed weeks of tedious horseplay around his intentions as an investor and whether or not he’d take a board seat—was now strongly considering his bid and that a deal could be finalized within the week, though we were warned that it could still fall apart. Some twenty-four hours later, a deal was done at a value of around forty-four billion dollars, pending a shareholder vote and regulatory approval. Bret Taylor, who chairs Twitter’s board, said that “the proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.” Musk called Twitter “the digital town square where matters vital to the future of humanity are debated,” adding, “🚀💫♥️ Yesss!!! ♥️💫🚀”.