I also believe Musk paid $0 for Twitter, refer to EO 13818 "Trump’s Executive Order 13818 Seizes Assets of ANYONE Involved in Human Rights Abuse or Corruption" https://www.govinfo.gov/app/details/DCPD-201700923
You may believe this, but I can assure you, it didn't go down this way.
Twitter was a publicly traded company meaning the people who owned Twitter was anyone who owned Twitter stock. These was tens of thousands of people. There were almost 800 million shares of twitter.
In fact, Musk overpaid and tried to back out of the deal.
Also you should read the text of 13818, it does not apply to Americans.
The text says it only applies to "foreign persons."
Any time a sanctions program is issued you can go on the Treasury's sanctions website and see who is sanctioned, banks and financial companies need to do this to see if their customer is a drug dealer or the brother of the head of Hamas. So you should be able to check what I'm saying.
Turns out it was a paltry 5% so not majority shareholder. Prince Alwaleed, Vanguard Group, Blackrock, Morgan Stanley were the major holders. Thanks for the info.
You may believe this, but I can assure you, it didn't go down this way.
Twitter was a publicly traded company meaning the people who owned Twitter was anyone who owned Twitter stock. These was tens of thousands of people. There were almost 800 million shares of twitter.
They got paid.
https://smartasset.com/investing/what-will-happen-to-your-twitter-stock
In fact, Musk overpaid and tried to back out of the deal.
Also you should read the text of 13818, it does not apply to Americans.
The text says it only applies to "foreign persons."
Any time a sanctions program is issued you can go on the Treasury's sanctions website and see who is sanctioned, banks and financial companies need to do this to see if their customer is a drug dealer or the brother of the head of Hamas. So you should be able to check what I'm saying.
I thought majority of shares were Saudi Arabia owned? Which would be foreign assets as well as it occurring after "Saudi Purge"
https://fortune.com/2015/10/07/saudi-prince-twitter-stock/
Turns out it was a paltry 5% so not majority shareholder. Prince Alwaleed, Vanguard Group, Blackrock, Morgan Stanley were the major holders. Thanks for the info.
Interesting about assets frozen and Alwaleed
https://qalerts.app/?n=539