Tuesday, June 25, 2024

Mark Cuban Goes After Elon Musk: “Twitter will do everything possible not to sell the company”

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Mark Cuban is clearly not a fan of Elon Musk.

He writes on Twitter today about Musk’s offer to buy the platform:

My conclusion, @elonmusk is fucking with the SEC. His filing w/the SEC allows him to say he wants to take a company private for $54.20 Vs his “Am considering taking Tesla private at $420. Funding secured” Price go up. His shares get sold. Profit is [up]. SEC like WTF just happened. “

Cuban wrote:
“Every major tech company , Google, fb, et al is on the phone with their anti trust lawyers asking if they can buy Twitter and get it approved. And Twitter is on the phone with their lawyers asking which can be their white knight. Gonna be interesting …”

The billionaire entrepreneur, sports team owner and “Shark” on “Shark Tank” didn’t mince words about Musk. He added:
“Elon may have started this, but his threat to sell his shares ,if twitter says no, opened the door for those tech giants to walk in for relatively “little” money and grab huge influence at Twitter or possibly a direct path to acquisition. Elon will smile all the way to the bank …
I think Twitter will do everything possible not to sell the company. They will try to get a friendly to come in and buy Elon’s shares and get him out …”

Cuban’s best comment?
“Want to see the whole world lose their shit ? Get Peter Thiel to partner with Elon and raise the bid for Twitter”


Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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