Techmeme
April 25, 2022, 6:30 PM

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Lauren Feiner / CNBC:
Twitter has entered into a definitive agreement to be acquired “by an entity wholly owned by Elon Musk”, for $54.20/share in cash, in a deal valued at ~$44B  —  - Twitter's board accepted billionaire Elon Musk's offer to buy the social media company and take it private, the company confirmed.
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Tweets: @elonmusk, @elonmusk, @senwarren, @nicoleperlroth, @btaylor, @redletterdave, @sanasaeed, @hayskali, @caraesten, @rabois, @kurtwagner8, @djrothkopf, @nedmiles, @talmonsmith, @downtown, @phil_lewis_, @chillmage, @kantrowitz, @hunterwalk, @paraga, @pmarca, @drmistercody, @andrewti, @elipariser, @quintabrunson, @noliewithbtc, @tumblr, @aniceburrito, @nathantankus, @jim_jordan, @sarahcpr, @blkgrlbrilliant, @loganbartlett, @bwags, @capybaroness, @williesuede, @lesbiaudrey, @the_ada_rhodes, @thekidmero, @doinkpatrol, @twinklecircuit, @badinfinity2, @marioarizabaez, @dougboneparth, @jscros, @lesbiaudrey, @brandonlbradfor, @miss_birdbrain, @gumby4christ, @icecube, @waltmossberg, @ggreenwald, @ninaturner, @kathygriffin, @iaponomarenko, @ggreenwald, @carnage4life, @caseynewton, @briannawu, @jason_kint, @donwinslow, @unscriptedmike, @bluesky, @reuters, @evacide, @pkafka, @frankfigliuzzi1, @pmarca, @katie_roof, @thestalwart, @obrien, @brookesingman, @epro, @justinhendrix, @benmekler, @danielyrubin, @gossithedog, @evelyndouek, @mattrosoff, @dylanreeve, @bigblackjacobin, @teroterotero, @davidakaye, @evacide, @donie, @kurtwagner8, @tomgara, @ericjackson, @alexweprin, @benfenton, @anthony, @alexkoppelman, @levie, @emanuelmaiberg, @gartenberg, @bocxtop, @anthony, @aprilaser, @ericjackson, @jamesrbuk, @tariqpanja, @ericjackson, @espiers, @carnage4life, @sarahfrier, @davewiner, @lizweil, @carnage4life, @brij, @thekenyeung, @rmac18, @tomcoates, @mathewi, @qwongsj, @maxberger, @mat, @sarahfrier, @jarak, @maxberger, @johniadarola, @rmac18, @kfury, @business, @kantrowitz, @quinnypig, @loudmouthjulia, @tomgara, @jonfavs, @caseynewton, @markdistef, @carnage4life, @daveleeft, @sarahjeong, @alexhanna, @davidsacks, @mikeisaac, @tcarmody, @sriramk, @tszzl, @dcurtis, @robaeprice, @alexhern, @taylorlorenz, @wajahatali, @joshuatopolsky, @joannastern, @hblodget, @byjacobward, @finallevel, @mgsiegler, @artemr, @emilydreyfuss, @martinsfp, @jonerlichman, @ayocaesar, @russellholly, @buchmanster, @esaagar, @robinwauters, @danprimack, @buzz, @bplewis, @cdixon, @mikeisaac, @tedcruz, @mgsiegler, @loganbartlett, @film_girl, and @carnage4life
Brooke Singman / Fox News:
Trump says that, regardless of Elon Musk's Twitter purchase, “I am not going on Twitter, I am going to stay on TRUTH”, which saw its stock drop 12.9% on Monday  —  Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
Reuters:
Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against Tesla stock and potentially costing ~$1B/year, and $21B of his own cash  —  It is the biggest acquisition financing ever put forward for one person.  Elon Musk is doing it his way.
The Verge:
Elon Musk says he wants to improve Twitter by “making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans”  —  Elon Musk will buy Twitter for $44 billion  —  Twitter has accepted Elon Musk's offer to purchase the company for $44 billion …
Osato Avan-Nomayo / The Block:
A hacker stole millions of dollars' worth of NFTs via a phishing attack compromising Bored Ape Yacht Club's Instagram and promoting a malicious “mint” link  —  Quick Take  — Bored Ape Yacht Club's official Instagram account was hacked.  — A hacker stole 91 NFTs from users …
Jamie Powell / Financial Times:
Tim Copeland / The Block:
OpenSea acquires NFT aggregator Gem, which helps users buy and sell NFTs across marketplaces, for an undisclosed sum; Gem will operate as a standalone brand  —  Quick Take  — NFT marketplace OpenSea has acquired NFT aggregator Gem.  — Gem will continue to operate as a standalone brand.
Brendan Sinclair / GamesIndustry.biz:
Activision Blizzard reports Q1 revenue down 22% YoY to $1.77B, net income down 36% YoY to $395M; the Activision segment had 100M MAUs in Q1, down 33% YoY  —  Modest revenue growth at King offset by 49% drop from Activision, 43% decline from Blizzard as MAUs hit new lows
Financial Times:
UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is struggling; its Explore page lists fewer than 500 events, down from 15K+  —  British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed

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