It has come as a surprise of many that Elon Musk and president Putin have entered into an insane deal to buy Twitter. Both the Tesla, billionaire and the Russian president believed that Twitter is a failure and needs to be reformed a process. They can only achieve by buying it. Join us today in this blog, as we explore how Elan and flatten Muir Putin have teamed up to buy.
Both Musk and Putin have taken issue with Twitter after they felt like the giant social media platform was unfair to them as such the two men have been forced by circumstances to team up and fight their common enemy who is Twitter. And their only solution is to buy Twitter. President Vladimir Putin is a bitter man after Twitter took the unprecedented move of limiting more than 300 Twitter accounts of the Russian government on the fifth of eight.
As such the accounts will not be recommended in the timelines or in the notifications. The targeted Russian government accounts include official ministry and embassy profiles, as well as the accounts of high ranking Russian officials, even the two Twitter accounts of the Russian president, Vladimir Putin were nuts.
It is interesting that Twitter has the capacity and power to stop. Even some of the most powerful men in the world. It is only Twitter that can ban both Trump and Putin. One of Putin's Twitter accounts is Russian with a following of 3.6 million people. While the other Twitter account is in English and has 1.7 million follower.
But why on earth would Twitter decide to restrict president Putin's Twitter accounts and those of his entire. Here's the quick answer. The team in Twitter has taken the measure of limiting the accounts. After those accounts were accused of spreading misinformation about the Ukraine war. It is unfortunate that Putin launched an unprovoked attack on Ukraine on the 24th of February this year.
But back home in Moscow Putin and his government were spreading misinformation when they were not in any war with Ukraine, but we're only conducting a special military operation. Twitter has found such comments to be full of misinformation. Hence their decision of limiting Twitter accounts of the Russian president and his right-hand men, or over Twitter, decided to restrict the accounts as they found it to be unfair when the Russian government and Moscow restricted the use of the internet.
While the same government is using the internet to further its interests. Twitter has got a zero tolerance to a country that limits its people from the internet as revealed by a head of site integrity in Twitter, you'll Roth in a statement that reads when a government that's engaged in armed conflict is blocking or limiting access to online services within their country while they themselves continue to use those same services to advance their positions and viewpoints that creates a harmful information in.
Even as Twitter blocked accounts of the Russian government officials, Elon Musk maintained his ground, that he was not going to block any Russian news sources or government officials from his internet company via a tweet that says Sterling has been told by some governments, not Ukraine to block Russian news sources.
We will not do so unless I'd gunpoint the story to be a free speech. Absolutely. Musk's decision of not blocking Russia. News sources is an expression of the bromance that Elon Musk enjoys with the Russian president Vladimir Putin. The closeness between Putin and Musk also came into play in February, 2021.
When the Tesla billionaire requested for a meeting with the Russian president over a social audio app clubhouse as seen in Musk's tweet, that reads, would you like to join me for a conversation on. The tweet was followed by another tweet in Russia that is translated to English as it would be an honor to speak with.
You must did not inform us of whether he finally managed to meet the Russian head of state. In case they met, they probably would have discussed space and rocket technology matters given that Elan's a space, X is a great success and Russia has a rich experience. Elon Musk showed his interest in buying Twitter.
When he made an offer of taking the company private at $54 and 20 cents per share, which amounts to $43 billion shortly after Musk had made the offer. It was rejected by Saudi Arabia's prince out of the, we'd been to LA in a tweet that. I don't believe that the proposed offer by Elon Musk, $54 and 20 cents comes close to the intrinsic value of Twitter, given its growth prospects, being one of the largest and long-term shareholders of Twitter, kingdom KFC.
And I reject this. The Twitter board came in to complicate things further for Elon Musk. When they adopted a poison pill strategy, as a method of frustrating, the Tesla billionaire from taking over the company, the defensive strategy gives the board the right of creating more shares should Musk by more than 14.9% stake in the company.
If Musk passes that limit new shares will be added, which will be sold to all other shareholders, except Elon Musk at a discount as such the tech billionaire shares will be greatly delayed. At that point, he will also have to spend more than the initial share price of $43 billion. The Twitter board is yet to officially respond to Musk's offer of buying a hundred percent stock in the company that not withstanding the world's richest man has added an extra $3.5 billion on the initial amount of $43 billion, which now makes the new total to be 46.5 billion.
Must have said that he has three commitment letters in hand all day to day, April 20th for financing the deal two debt commitment letters are from Morgan Stanley and other financial institutions for respectively $13,000,000,012.5 billion. An equity commitment from Musk himself would cover the amounts, not funded by those two currently expected to be approximately $21 billion.
Most people were stunned. When Elan said that he wants to pay for Twitter in cash. Some experts have argued that the $46.5 billion is a large amount of money that he may not personally have in liquid form. As earlier mentioned, Ilan will be raising his money through bank loans and through contributions from people that support his course.
There is no doubt that Putin supports Musk's offer of taking Twitter private, and would be more than willing to make a significant contribution to the course. There are a number of things that prove that Putin is an extremely wealthy man though, earning an annual salary of $140,000. He puts on luxury watches that even surpass its earnings as president.
It is also believed that he is the owner of a mansion in the black sea. That is valued at $1.4 billion. The house was designed by an Italian architect that has a very expensive furniture. Putin's wealth has also increased significantly over the years as he benefits financially from the super rich in Russia.
Most of the oligarchs give the president a lot of money so that their interests are safeguarded in the. One of Putin's cronies. That oil same with money is Abraham Ibrahimovich. Who is the owner of the Chelsea football club of England at the height of the Rousseau Ukrainian bore. He Abramovich suffered greatly as his wealth was frozen by the United Kingdom due to his closeness with.
Putin could also afford to give them us money that will be used to buy a hundred percent stake in Twitter because Russia is a country that is rich with natural resources. It is a major oil and gas exporter in the world. And a country like Germany gets 50% of its oil from Russia. If you want to know how oil money can make you rich have a look at the Saudi kingdom that has literally transformed Dubai from being a desert to one of the best cities in the world.
Just like any other deal. There is a probability that the Elon Musk and Putin deal could fail Musk and Putin still have other options. When the deal collapses, they could decide to come up with a new social media platform that will give Twitter a run for its money. It is expected that the new microblogging site will have free speech.
Considering that Musk has also a free speech. Russia, which is very sensitive to Western countries. We'll welcome. Musk's new platform, as it will adhere to the highest standards of data. Privacy is you can be sure that Moscow will not allow any company that has a weak data privacy policy to operate in its boundaries.
The insane deal between Elon and Putin is giving the Twitter board sleepless nights. Even the Twitter board does not have the capacity to prevent Musk and Putin from buying. The deal between Elon and Putin is unstoppable. Anyways, guys, if you want to see more interesting videos, click the video right above.
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