Elon Musk's $44 billion deal to buy Twitter Inc. and take it private may have many users up in arms, but that won't stop the deal, and Musk's most prominent...
Elon Musk’s $44 billion deal to buy Twitter Inc. and take it private may have many users up in arms, but that won’t stop the deal, and Musk’s most prominent adversary is powerless to stop it.
Which leaves only regulatory bodies. Musk is still fighting with the Securities and Exchange Commission over market-moving statements he made in 2018 over Twitter, and has regularly tweeted vitriolic statements at the regulator. However, the SEC “will not and cannot interfere with the merger,” according to Stephen Diamond, associate professor at Santa Clara University School of Law.
Analysts believe Twitter received no other offers for the slow-growing social-media company because the regulatory environment in Washington would likely not allow any sort of deal from rivals such as Facebook parent company Meta Platforms Inc. FB or Google parent Alphabet Inc. GOOG GOOGL . White also noted that Twitter’s financial situation is not appealing to most typical private-equity investors, who take companies private and use their cash flow to pay down debt.
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