Twitter’s Board Unanimously Recommends Elon Musk’s $44 Billion Takeover Bid

[Triedboy]

The board said the proposed takeover is “advisable and in the best interests of Twitter and its stockholders.”Twitter’s board, according to an SEC filing today, is unanimously asking shareholders at an upcoming special meeting to approve Elon Musk’s $44 billion bid to acquire the social media giant.

The official recommendation brings Musk’s buyout of the company one step closer to fruition, mere weeks after the world’s richest man flirted with exiting the deal. Board members said in the Securities and Exchange Commission filing that the proposed takeover is “advisable and in the best interests of Twitter and its stockholders.” Musk’s buyout offer was for Twitter shareholders to be compensated at $54.20 a share. As of this writing, shares were up about 3% on the day to almost $39.more info

[cryptoredentor]

This can be huge for Bitcoin as twitter integrates it as micropayments. Maybe it will force other siliconvalley monopoly participants to do it too. No doubt they are all ignoring bitcoin as a cartel.