4 ms·

>> >> billionaire Elon Musk has been mounting a hostile takeover bid of the popular service Twitter >> That's some pretty incompetent reporting. What's incomp

>> >> billionaire Elon Musk has been mounting a hostile takeover bid of the popular service Twitter >> That's some pretty incompetent reporting. What's incompetent about that? It seems to be exactly what he did...

shkkmo 5y ago
A "hostile takeover bid" has a specific meaning, this takeover is not hostile and no attempt was made to make a hostile takeover.
- basisword 5y ago
  The eventual take over wasn't hostile but this article was written last week. It was something that was a possibility at that time.
  - shkkmo 5y ago
    It was something that was speculated about. I have seen zero evidence that Musk tried to lay the ground work (e.g. lining up the loans or selling enough stocks to finance such am attempt). This "journalist" doesn't qualify anything and makes a statement of fact that Musk mounted hostile takeover bid. That is simply bad reporting.
ragnot 5y ago
He did a leveraged buy-out of the company. The poison pill negated his hostile takeover attempt.
- shkkmo 5y ago
  Please provide a citation showing any attempt at a hostile takeover. The poison pill was adopted to forestall any hostile attempt if the offer was rejected and try to secure a better bargaining position if they decided to accept the offer.
jwond 5y ago
It is not a hostile takeover because Twitter’s board agreed to it. https://www.investopedia.com/ask/answers/042215/what-difference-between-hostile-takeover-and-friendly-takeover.asp https://www.investopedia.com/ask/answers/042215/what-differe... https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-b...
- basisword 5y ago
  They hadn't agreed to it last week, when this article was published.
  - shkkmo 5y ago
    It wasn't a hostile takeover then either. Making an offer to a board is not a "hostile takeover attempt", trying to buy 51% of the outstanding shares (without approval of the board or shareholders) is a hostile takeover. Zero responsible reporting called this a hostile takeover. The closest you can come is journalists who speculated that a hostile takeover might be attempted if the offer to the board were rejected. There is nothing beyond speculation to show that this was ever a possibility.

shkkmo 5y ago

A "hostile takeover bid" has a specific meaning, this takeover is not hostile and no attempt was made to make a hostile takeover.

basisword 5y ago
The eventual take over wasn't hostile but this article was written last week. It was something that was a possibility at that time.
- shkkmo 5y ago
  It was something that was speculated about. I have seen zero evidence that Musk tried to lay the ground work (e.g. lining up the loans or selling enough stocks to finance such am attempt). This "journalist" doesn't qualify anything and makes a statement of fact that Musk mounted hostile takeover bid. That is simply bad reporting.

ragnot 5y ago

He did a leveraged buy-out of the company. The poison pill negated his hostile takeover attempt.

shkkmo 5y ago
Please provide a citation showing any attempt at a hostile takeover. The poison pill was adopted to forestall any hostile attempt if the offer was rejected and try to secure a better bargaining position if they decided to accept the offer.

jwond 5y ago

It is not a hostile takeover because Twitter’s board agreed to it. https://www.investopedia.com/ask/answers/042215/what-difference-between-hostile-takeover-and-friendly-takeover.asp https://www.investopedia.com/ask/answers/042215/what-differe... https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-b...

basisword 5y ago
They hadn't agreed to it last week, when this article was published.
- shkkmo 5y ago
  It wasn't a hostile takeover then either. Making an offer to a board is not a "hostile takeover attempt", trying to buy 51% of the outstanding shares (without approval of the board or shareholders) is a hostile takeover. Zero responsible reporting called this a hostile takeover. The closest you can come is journalists who speculated that a hostile takeover might be attempted if the offer to the board were rejected. There is nothing beyond speculation to show that this was ever a possibility.