Ethereum Tumbles 20% In Bearish Trade
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Twitter is reportedly mulling a potential shares have done especially poorly, as some stakeholders have dumped shares following the expiry of the post-IPO lock-up phase. At its current valuation of about $18.7 billion, Twitter would have to use a lot of equity to buy SoundCloud. If it wanted offer $1.4 billion — double last year’s $700 valuation — in stock, the buyout would require 7% of its equity. That’s a big hit for a company that would have needed to give up a lot less equity just a few months ago. The company could also cobble together a package that included debt, saving itself both cash and stock. More from Billboard Watch These Senior Citizens Recreate Rihannas Rude Boy Super Bowl Halftime Moment Wu-Tang Clan & Nas Team Up for 2023 N.Y. State of Mind Tour: See the Dates How to Watch the 2023 Billboard Women in Music Awards It’s not clear what Twitter paid for social data analysis company Gnip in April , but it was hardly in the same league as what SoundCloud would cost — and even then, Twitter shares were worth more than 25% more than they are today. If you’re wondering about the Google/YouTube buyout, to which some have compared a Twitter/SoundCloud deal, well, that 2006 all-stock deal cost Google about 1.3% of its shares. The $1.6 billion acquisition, of course, turned out to be an incredibly good deal. So if Twitter’s going to make any big buyouts that require it to dig beyond its disposable cash reserves anytime, it’ll need to wait for its share price to rebound before it does. SoundCloud declined to comment on the reported deal while Twitter did not respond to requests for comment. Best of Billboard H.E.R. & Chris Brown Come Through to No. 1 on Adult R&B Airplay Chart Anne Wilsons I Still Believe in Christmas Crowns Christian Airplay Chart Frank Sinatra, Eartha Kitt, Eagles & More: Here Are All 37 Holiday Songs on This Weeks Hot 100 Click here to read the full article. View comments
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