According to an earlier SEC filing, Twitter’s board unanimously approved a $44 billion deal for Elon Musk, the world’s richest man and Dogecoin believer, a few days ago. A general takeover offers.
It is understood that the Twitter board of directors submitted a document to the SEC yesterday (6/21), detailing a letter to investors, which mentioned: unanimously recommend that you vote (support) to pass the merger agreement (The Merger Agreement))
According to the New York Post, the regulatory filing comes just days after Musk’s internal all-hands meeting with Twitter employees, which also shows that Musk, unlike his previous remarks, is in fact very serious about executing the acquisition plan. signs.
Dogecoin rises on news, Jack Dorsey to gain $978 million
After the news was exposed, it was undoubtedly a boost to the market due to the recent bear market downturn. Dogecoin (DOGE) continued to rise after hearing the news. The cumulative increase in a single day has reached 14%, and it is about to hit $0.07.
In addition, Twitter shares (TWTR) also rose 1.83% after hearing the news and are now quoted at about $38.5.
Since the current share price is far below Musk’s proposed US price of $54.20 if the transaction is successful, Twitter investors will earn another $15.7 per share in profit.
Interestingly, according to SEC filings, Bitcoin stalwart and outgoing CEO Twitter co-founder Jack Dorsey is expected to make a profit of 978 million as he still owns 2.4% of the company (18,042,428 shares). Dollar.
The current mining machine that mines Dogecoin with the highest hash rate is Btmain’s L7.
Post time: Aug-20-2022