Man, oh man, you better listen up, because this is the story that just keeps on giving. So before the market is opening. On monday april 25th, we were hit with a bombshell from our boy, elon musk, and you might be thinking man. It seems like all he's doing, is dropping bombshells on us day over day, whether it's something with tesla, something with twitter, something with just making fun of bill gates.

It's the story that just keeps on giving. It is the story of elon musk and this twitter story. The saga, this crazy narrative just took a major major u-turn. The tldr version was, it looks like it wasn't going to be the best because they were setting up for a poison pill.

It really looked like twitter's board was going to do what it needed to to ensure that elon musk did not own the company and take it private. Well, as of this morning, right before the market is going digging ding ding ding. We have a big big update. Twitter on track to reach deal with musk as soon as monday, once again, depending on when you're watching this it's referring to monday april 25th.

Obviously, as soon as this came out, we saw a spike in twitter in the bottom left. Here you can see that twitter closed at currently trading at 51 and just to keep everyone in the loop remember elon's offer is at 54.20 a share that will be important in just a second, but anyway on the news that broke around 7 a.m. Twitter shares jumped five percent on reports. It could accept elon musk's bid as early as monday, i'm gon na be the first to say it.

I think i got this one a little bit wrong. I did not think that the board was ever gon na play ball. I simply thought that they were too egotistical and they just didn't basically want to bend the knee and get to continue to get dunked on by elon. I thought they were going to say.

Okay, we're going to. We had reports last week that they were going to consider it, and i thought that was just so they didn't get sued to kingdom come. I really thought that i was like okay uh. Obviously they don't want to get in trouble for not following their fiduciary responsibility, which was in question because they didn't even bring it to their shareholders.

So i was like okay, that's a little bit sus, so it sounds like they're just gon na do this back and forth, just so they don't get sued, but the fact that they actually might be accepting it. Today, big big news twitter shares jumped more than five percent in pre-market on reports. The company is nearing a deal with elon musk that could be announced as soon as today. Musk earlier this month offered to buy twitter at 54.20, a share for 43 billion, don't forget and we're gon na get into the details of this, but he actually ended up raising money through some other partners up to 46.5 billion.

So he has a little bit of wiggle room. Twitter's board had met on sunday to discuss musk's financing plan for his proposed bid. The board negotiated with musk into the early hours on monday, according to the new york times and man. Oh man, this story is just nuts remember massive u-turn at first they're like okay, is he trolling where's the money gon na come from, and then we knew about the poison pill and there was still the offer of or the potential of a tender offer, but he Could still get poison pilled, which would just ensure he never owned more than 15 percent of the company.

But it's a fair question: how elon musk's twitter deal went from no go to possible reality in just a few weeks. I just want to give you the highlights, as musk got more serious investors who became more convinced, he wouldn't be successful. Investors might have had a point yet again. Twitter adopted a so-called poison pill that is designed to throw unsolicited bids for a company by making it more expensive for the acquirer.

Really, what happens there? Is they offer current shareholders shares at a discount and price? So there's more shares in the overall pool so percentage-wise in terms of ownership. It would dilute it and it would just ensure it never gets above 15, but people were like okay, there's various other things he could do, and it looks like this time. It's just. I believe that twitter's board is realizing how outspoken the global internet community pretty much is against them in support of elon.

I know there's some people that absolutely hate elon, but all of a sudden, they're becoming very, very quiet. One reason strangely was money: amid the musk twitter battle, investors started to wonder if musk could finance the bid. Musk's wealth is in the range of 300 billion investors in tesla, however, wouldn't want to see. Musk sell tesla stock outright to buy twitter tesla's investors would prefer to see musk finance twitter, which basically getting a loan against his collateral in twitter.

So basically, some big wig bank says: okay, your tesla shares are your collateral and we're going to give you the loan that you need and musk announced he had lined up 46.5 billion 3.5 billion extra from what we previously saw of his initial offer of 5420. In financing for a twitter buyout, he also floated a biostructure that would lit some existing twitter shareholders stays in twitter. If musk was successful, taking the company private, apparently they aren't sure what to do based on recent history. They might want to bet musk will win or that twitter will pull itself up for a bid ultimately going to a higher offer.

So this is interesting and i was ruminating on this myself of the fact that they're now, obviously for sale in more of a public manner. I'm sure there's many tech players out there right now, who are basically just saying get on the phones with our lawyers or ftc lawyers. Make sure that us buying twitter is not a violation of like antitrust rules and see if we actually can give an offer and hey if musk is coming in at 54. 20.

Maybe we'll come at 57.50, something like that, but you never know how much headway was made in the conversations. Apparently they were talking till early early hours in the morning it. This might be a pretty much a done deal today is going to be very exciting and you never know when extra news is going to break. So i have a little clip from dan ives that i want to share with you uh, but uh the offers.

It isn't sure if twitter can do better than 5420. Once again, this is a wed bus, analyst dan ives, while the board approved the poison pill, which essentially gave them the time to find a white knight and second bidder likely they are now empty-handed. So dan, i'm saying hey, maybe no one else even wants it. Twitter reports earnings later this week on thursday, which will likely not be rainbows and smiles, thus putting further pressure on the company around this game of high-stakes poker with musk bid looming.

So i do want to play this for all of you. I thought it was interesting insight from mr ives he's a cool guy moving higher this morning, multiple reports, including one just by bloomberg, saying that the company said to be on track to now reach an agreement with elon musk as early as today. Joining us right now is dan ives of weber securities, a man who i have to say in advance. If, in fact, we get get, there called this right from the beginning said that elon was not going away when at one point he said he was going away or getting off the board, and here we are.

We should also note dan that tesla shares uh moving down on this news. What do you make of both okay? I think at this point, your deal seems basically on the glide path to get done now. I think that, once the financing got put in place last week with the tender offer, we believe, potentially as a threat in terms of a hostile tender offer, the board couldn't find a white knight, a second bidder. This basically put back against the wall.

They had to come to the negotiation table which we believe it looks like in the next 24 hours. According to his reports that musk, you know, will be successful in his bid for twitter, so there you have it. It looks like the main thing that was the hiccup in this whole saga was the financing, but now that that's in place there's quite a bit of pressure on twitter's board to basically accept it and the last couple things i want to leave you with with all Of this, just because it relates to twitter trump snub twitter as a boring place he wouldn't return to, but he also made one post on his twitter replacement platform, true social, since its launch now connected to twitter. Two things i need to say here.

This is actually making the bearish case against dwack, true social, that much stronger. I don't know how many people are going to go over there if elon is kind of the new leader of twitter, so i want to throw that out there, but i also want to say if elon were to call up trump and say yo i'll put you Back on twitter, he would totally retract this. I just don't think trump would ever stay away from twitter if he were allowed back on another thing: big short investor, michael burry, quits, twitter, again for the millionth time and complains he warned people that stocks would tumble uh. So he's been on his kind of like high horse thing, with hey we're going down going down going down, and i look at it this way of, if you're always saying that, well, eventually, you're gon na be right, but also just related to twitter.

I think it's funny that he's on again off again on again off again to wrap this all up. Don't forget we're gon na be getting big announcements related to it, whether today or tomorrow, and we're gon na get more on thursday before the market opens. On thursday, we are getting the earnings announcement for twitter. The final thing is more of a question to all of you is.

How do you think this plays out? I need to know, because i think, there's a money making opportunity in here and i'm basically watching 54. 20, because that's the offer - and i think hey if you're bullish on twitter and elon and the combination of the two - i guess, theoretically, you could play it up to there. Do you think this is good for freedom of speech? Do you think this is bad for freedom of speech? This is all just so wild, so i would love to get your thoughts and opinions. Let me know in a comment below.