Techmeme
April 25, 2022, 7:20 PM

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Lauren Feiner / CNBC:
Twitter agrees to be acquired “by an entity wholly owned by Elon Musk” for $54.20 per share in cash; the ~$44B deal requires shareholder and regulatory approval  —  - 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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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”, whose stock closed down 12.9% on Monday  —  Trump said a Musk Twitter takeover would be a positive development, but he will stay with his own platform
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 …
Kate Conger / New York Times:
Twitter employees say they heard little from Elon Musk, CEO Parag Agrawal, management, and Charles Schwab about what a sale to the billionaire means for them  —  Workers say they have been left largely in the dark about what a sale to the billionaire will mean for them and their shares in the company.
Bloomberg:
Twitter CEO Parag Agrawal and Chairman Bret Taylor told employees that the company will keep operating as usual; sources: the deal could take up to six months  —  Twitter Inc. Chief Executive Officer Parag Agrawal and Chairman Bret Taylor told employees on Monday that the social network …
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.
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% to $395M, Activision MAUs down 33% to 100M, and Blizzard MAUs down 19% to 22M  —  Modest revenue growth at King offset by 49% drop from Activision, 43% decline from Blizzard as MAUs hit new lows

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