Connect with us

News Print & Digital

Twitter Board Adopts “Poison Pill” to Block Elon Musk’s Bid

Musk provided a proposal to purchase Twitter on Thursday.

Published

on

On Thursday, Elon Musk provided a proposal to purchase Twitter. But, after 24 hours, the social media giant’s board of directors plans to make it harder for the Tesla CEO to acquire the company. 

Musk proposed to acquire all the shares of the social media company that he does not own for $54.20 per share, valuing the company at $41.4 billion. The offer has led to Twitter’s board adopting a limited-term shareholder rights plan called a “poison pill” the company announced in a press release. 

As a result, the method conserves the right of Twitter shareholders other than Musk to acquire more shares at a relatively low price, effectively diluting Musk’s stake.

“The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company said in its statement.

The Twitter board will trigger the provision if Musk (or any other investor) acquires more than 15% of the company’s shares. Musk currently owns around 9% of Twitter’s shares.

News Print & Digital

Bloomberg Media, iHeartMedia Announce Podcast Partnership

The first slate of podcasts will see five shows debut this year and will ultimately distribute more than a dozen new original podcasts as part of their multi-year agreement. 

Published

on

Bloomberg Media and iHeartMedia have announced a partnership that will see a new slate of original podcasts featuring a combination of daily and weekly news programs and narrative-style limited series. 

The first slate of podcasts will see five shows debut this year and will ultimately distribute more than a dozen new original podcasts as part of their multi-year agreement. 

“Bloomberg Crypto” is the first of the five podcasts launching this year and will debut next month. Bloomberg’s reporting team will tease out what’s actually important in the crypto conversation in this daily podcast.

In a couple of months, “Bedrock, USA” will be the second to debut during the summer as this show dives into how a group of people who didn’t like what they saw happening in their local governments and decided to get involved. 

The final three podcasts will come this fall, with two of them debuting in September with “The Big Take,” giving its listeners the most urgent stories of the day – on business, markets, economics, finance, politics, technology, and more. 

“In Trust” will be a limited series about how associates of one of the wealthiest families in Osage County, Oklahoma, and “Crash Course,” which debuts in October, will bring listeners straight into the arenas where epic business and social upheavals occur.

Continue Reading

News Print & Digital

Joe Rogan: “Marijuana Is the Perfect Drug for Me”

Rogan revealed that marijuana helps him regulate his personality

Published

on

Podcaster Joe Rogan revealed that marijuana helps him regulate his personality. Rogan made the admission on episode #1824 of “TheJoe Rogan Experience” Thursday.

A transcript posted on Mediate details a conversation that Rogan had with MIT scientist and podcaster Lex Fridman. The conversation about drugs started with a talk about the Johnny Depp defamation trial.

Fridman joked that Rogan could be an expert witness on drugs and alcohol for the trial. “No, I can’t be on drugs cause I — there’s too many drugs I’m uninitiated in like no cocaine experience whatsoever. None.”

Fridman responded by asking Rogan if there’s a part of his life where he wishes he would have experienced that?

“It’s good to get crazy. Getting crazy is good for comedians. Like it’s good to get drunk. It’s good to get — I have a very specific kind of mind where my ego should not be encouraged,” Rogan said.

“Marijuana is the perfect drug for me. Cause marijuana calms me down, makes me sweeter, much more friendly, much more affectionate, much more kind, much more generous, and more creative,” added Rogan. 

Continue Reading

News Print & Digital

FOX Nation Will Stream Debates Between Prominent Senators

The first debate will feature Lindsey Graham (R-SC) and Bernie Sanders (I-VT). The event will be moderated by Bret Baier.

Published

on

FOX Nation will stream a series of debates between prominent U.S. Senators starting next month called “The Senate Project.” The first debate will feature Lindsey Graham (R-SC) and Bernie Sanders (I-VT). The event will be moderated by Bret Baier.

In a release, the network said, “in a time of deep political polarization in America—and a 50-50 split between Democrats and Republicans in the Senate—the goal of The Senate Project is for the public to hear leading senators from competing ends of the political spectrum.”

The debates will be 60-minute Oxford-style debates which will allow senators to engage in extended, thoughtful, wide-ranging debate while exploring areas of constructive disagreement and searching for the bipartisan compromise that has been a hallmark of the Senate for more than two centuries.

The second debate, hosted by the Bipartisan Policy Center, will be held in July at George Washington University, carried live and on-demand across C-SPAN platforms, including streamed on C-SPAN Now. A third debate will be held by the Orrin G. Hatch Foundation in Utah this fall.

“We initiated this idea in response to what is the most serious division in this country in decades,” said Bruce A. Percelay, chairman of the board of the Edward M. Kennedy Institute. “It is our hope that this effort will help demonstrate that compromise in the U.S. Senate is actually possible.”

“We are pleased to partner with the Bipartisan Policy Center, the Orrin G. Hatch Foundation, and the Edward M. Kennedy Institute to present this full debate without interruption to our FOX Nation subscribers,” added Jay Wallace, President & Executive Editor of FOX News Media.

The Senate Project kicks off at 12 noon EDT on Monday, June 13.

Continue Reading
Advertisement
Advertisement

Trending

Copyright © 2021 Barrett Media.