One of the most talked-about acquisitions of the year has ended with Elon Musk taking over Twitter

Musk, who posted a video of his visit to Twitter's headquarters on October 27, has changed his Twitter bio to "Chief Twit." Musk pledged in a video conference with financing banks on Monday to close the deal by Friday, Bloomberg reported, citing people familiar with the matter. The banks will provide a total of $13 billion in debt financing for Musk's purchase of Twitter.    

After six months of badgering, Musk is finally closing the deal, and the 16-year-old social giant is getting a new boss. Here's a look back at the twists and turns that have taken Musk from talking about buying Twitter to now, when the deal is officially done.

What Would Twitter Look Like After Musk's $44 Billion Deal?

Musk arrived at Twitter with a hand basin. The seemingly "crazy" entrepreneur has taken over Twitter after a more than half-year-long battle with the social giant. As the most influential entrepreneur on the planet, we can look back at Musk's previous comments to see what Twitter would look like under his reign. Could Twitter, so closely tied to the crypto world, turn Dogecoin, which Musk has made famous, from meme into utility?    

Elon Musk: Why I Invested in Twitter

在今年 4 月给出 434 亿美元的收购价之后，马斯克写了一段简单的文字阐述其投资推特的原因。他表示：我投资 Twitter 的原因是我相信它现在已经具备成为一个全球言论自由的平台的潜力，而且我相信言论自由对于一个正常运转的民主国家来说是一种社会责任。  

Just joined Twitter's board of directors

Twitter will appoint Musk to its board of directors, Musk refused

2022 年 4 月 5 日，推特任命马斯克为董事会成员。不过随后马斯克表示拒绝加入 Twitter 董事会，对此有分析称其想购入更多股份，通过放弃董事会席位，马斯克可以购买更多 Twitter 公司股份，甚至收购推特。

Make an offer and enter into negotiations

Musk plans to buy Twitter (TWTR.N) for $43.4 billion in cash  Opposed by a Saudi prince, Twitter's largest shareholder

4 月 14 日，特斯拉 CEO 马斯克提出以 54.20 美元/每股的现金收购推特 (TWTR.N)。同时表示，推特 (TWTR.N) 需要转型为一家私营公司。如果报价不被接受，马斯克将需要重新考虑其作为股东的立场。同日，推特召开全体员工会议，讨论马斯克收购推特的要约。4 月 15 日，自 2015 年起持有推特 5.2% 股份的投资者沙特王子 Al Waleed bin Talal Al Saud 表示，「作为推特的最大长线股东之一，我和我的投资公司 Kingdom Holding Company (KHC) 将拒绝这一提议」。

Raise capital and make acquisition plans, and Twitter negotiations appear to be divided over the acquisition plan has been shelved precursor

On April 20, Musk prepared to raise debt financing for Twitter's proposed acquisition. Mr. Musk will contribute between $10 billion and $15 billion to the deal, according to people familiar with the matter, and other acquisition partners and companies will contribute about $20 billion, with the rest still being raised.    

On April 25, Twitter was reevaluating Musk's acquisition plans. Twitter could insist that an acquirer like Mr. Musk sign a "breakup fee" clause to be compensated if the deal doesn't go through. Since the two sides failed to reach an agreement during negotiations,Twitter's board of directors decided to do it"Poison Pill"(a time-limited shareholder rights plan) to fight Musk's takeover. The plan is triggered by any person acquiring ownership of 15% or more of Twitter's outstanding common stock in a transaction that is not approved by the Board of Directors and is valid for one year.

Acquisition execution and post-acquisition planning

Binance and Sequoia Capital will still contribute to Musk's acquisition of Twitter

10 月 11 日，来自 Binance 和红杉资本的消息人士已向其证实，仍将出资参与马斯克收购推特。 BlockBeats 此前报道，在美国证券交易委员会（SEC）于 5 月份公布的马斯克推特私有化的收购文件中，包含了一份「共同投资者」列表，表中显示 Binance 出资 5 亿美元参与股权收购，红杉资本出资 8 亿美元。

On October 26th,According to people familiar with the matterMusk has informed co-investors who have pledged to finance his acquisition of Twitter that he plans to close the deal by October 29 local time. Investors including Sequoia Capital, Binance and the Qatar Investment Authority have received the necessary documents from Musk's lawyers for their financing commitments. Binance CEO CZ said at the Future Investment Initiative conference on TuesdayWill deliver on promises, would help fund Musk's planned $44 billion acquisition of Twitter.

Musk has changed his Twitter profile to 'Chief Twit'

Musk, who posted a video of his visit to Twitter's headquarters on October 27, has changed his Twitter bio to "Chief Twit." Musk pledged in a video conference with financing banks on Monday to close the deal by Friday, Bloomberg reported, citing people familiar with the matter. The banks will provide a total of $13 billion in debt financing for Musk's purchase of Twitter.    

$44 billion deal: What would Twitter look like under Musk?

Musk arrived at Twitter with a hand basin. The seemingly "crazy" entrepreneur has taken over Twitter after a more than half-year-long battle with the social giant. As the most influential entrepreneur on the planet, we can look back at Musk's previous comments to see what Twitter would look like under his reign. Could Twitter, so closely tied to the crypto world, turn Dogecoin, which Musk has made famous, from meme into utility?    

The plan is to increase Twitter's annual revenue to $26.4 billion by 2028, which will reduce the share of advertising revenue

Musk wants to reduce Twitter's share of advertising revenue to 45% from about 90% in 2020, generating $12 billion in revenue in 2028, while subscription fees are expected to drive another $10 billion. Musk also wants to increase Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.    

Twitter should be as inclusive as possible and a fair forum

10 月 25 日，马斯克在社交媒体发文表示，推特应该尽可能广泛地包容。推特应该成为一个公平的论坛，让分歧很大的信仰之间进行活跃的辩论，即使偶尔会有敌意。  

The view of relevant personage regarding this acquisition case

Vitalik Buterin: Not opposed to Musk buying Twitter, only hostile takeover.  

On April 16, Ethereum co-founder Vitalik Buterin wrote on social media that he was not opposed to Musk's acquisition of Twitter as it stands, but that he was opposed to "hostile takeover" of social media companies by wealthy people or wealthy groups, It would be "very" wrong if Mr Musk's actions encouraged this approach.    

Jack Dorsey: Twitter should be a public good at the protocol level. Musk is the only solution I believe in.  

On April 26, Twitter founder and former CEO Jack Dorsey weighed in on Twitter's announcement that it had reached a definitive acquisition agreement with Musk, saying: "I love Twitter, it's the closest thing we have to a global consciousness, and its ideas and services are important to me and I will do anything to protect them. Twitter has always been my only concern and my biggest regret as the company has come to be owned by Wall Street and advertising models. Now, musk will twitter from Wall Street, this is twitter towards the first step in the right direction. In principle, I think twitter should not be anyone who owns or operates, twitter should become a protocol level of public goods, rather than a company. However, to solve this problem, the solution of musk is the only one I trust. Musk's goal of creating a platform of maximum trust and broad inclusion is the right one and the reason I chose him. I'm thrilled that Twitter will continue to serve the public conversation Around the world and into the stars!"    

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