Elon Musk Says Truth Social ‘Terrible Name’ Exists Because Twitter Censored Free Speech, Should Be Called Trumpet Instead Musk said Wednesday had noted that Truth Social was “beating” Twitter and TikTok on the Apple Store. Reports Say Trump has said he would not return to Twitter even if allowed back on, claiming he will stay on Truth Social.

Press Release: Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.

Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter’s closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.

Bret Taylor, Twitter’s Independent Board Chair, said, “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders.”

Parag Agrawal, Twitter’s CEO, said, “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of our teams and inspired by the work that has never been more important.”

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Mr. Musk. “I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential – I look forward to working with the company and the community of users to unlock it.”

Transaction Terms and Financing
The transaction, which has been unanimously approved by the Twitter Board of Directors, is expected to close in 2022, subject to the approval of Twitter stockholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions.

Mr. Musk has secured $25.5 billion of fully committed debt and margin loan financing and is providing an approximately $21.0 billion equity commitment. There are no financing conditions to the closing of the transaction.

For further information regarding all terms and conditions contained in the definitive transaction agreement, please see Twitter’s Current Report on Form 8-K, which will be filed in connection with the transaction.

First Quarter 2022 Earnings Results
Twitter plans to release its first quarter fiscal year 2022 results before market open on April 28, 2022. In light of the pending transaction announced today, Twitter will not hold a corresponding conference call.

Central Texas rancher offers Elon Musk free land to move Twitter here

One Central Texas rancher wants Elon Musk to move his newest venture here. He’s offering his own property

Jim Schwertner is president and CEO of Schwertner Farms Inc., which runs Capitol Land & Livestock east of Jarrell.

“Elon, Move twitter to Schwertner, TX , 38 miles North of Austin and we will give you 100 Acres for FREE,” Schwertner

“Bring Twitter to Texas to join Tesla, SpaceX and the Boring Company,” Texas Gov. Greg Abbott tweeted from his campaign account on Monday.

Musk has recently dubbed Texas home for some of his other companies — Tesla in Travis County and The Boring Company in Pflugerville.

“It’s no surprise that there is speculation about Elon Musk moving Twitter’s headquarters to one of, if not the fastest-growing metropolitan areas in the country, especially after having already announced relocating Tesla here,” Laura Huffman, president and CEO of the Austin Chamber of Commerce, told KXAN News earlier this week.

Huffman cited the area’s talent pipeline and education system and a “dynamic live/work culture” as reasons why companies have been looking to expand or relocate offices to the Austin area.