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University of Austin offering new business program this fall

(UATX)

The controversial University of Austin is offering a new course this fall.


Applications for a Polaris Fellowship program—a part-time business course covering law, management and leadership—from this November to June of next year are open. Instructors in this program include UT statistics professor Carlos Carvalho, 8VC CEO Joe Lonsdale, founder of KIND Snacks Daniel Lubetzky and other business leaders and intellectuals.

The part-time, mostly virtual fellowship is open to college students and professionals aged 25-35. There will be three in-person meetups on Nov. 11-13, Feb. 24-26 and a third TBD date. Its site says there is no cost for this program due to a grant from donors.

UATX emerged as a liberal arts school first offering a “Forbidden Courses” program this summer. It was created to be a place for civil discourse as the founder says current university students are unwilling to participate in the "core activity of democratic governance."

While the school is currently unaccredited and lacks a physical campus in Austin, it plans to hold "Forbidden Courses" every year and begin undergraduate programs in 2024.

When UATX was first announced in 2021, it faced some pushback from the public comparing the new institution to predatory for-profit colleges.

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With deposition and trial looming, Elon Musk has offered $44B for Twitter, again
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Elon Musk has proposed once again to buy Twitter for $54.20 a share.

The news that Musk is offering to carry on with the $44 billion buyout was first reported by Bloomberg. Now, a filing with the Securities and Exchange Commission shows Musk made the proposal in a letter to the tech giant on Monday.

The New York Stock Exchange temporarily halted trading in Twitter stock twice Tuesday, first because of a big price move and the second time for a news event, presumably the announcement of Musk's renewed offer.

While the per share offer price on this latest proposal remains the same as the original offer, it’s unclear if Musk has made other term changes or if Twitter would reject it. According to other reports, a deal could be reached this week.

The stock closed at $52.00/share Tuesday, indicating market uncertainty around the $54.20 offer.

After Musk informed Twitter of plans to terminate the original agreement in July, Twitter sued. A trial has been expected in Delaware Chancery Court on Oct. 17.

With the proposition of a buyout on the table again, it revives the question of whether Musk might move Twitter from San Francisco to Central Texas.

He’s done so with some of his other companies. Tesla’s headquarters in southeast Travis County had its grand opening earlier this year and tunneling business The Boring Company moved to Pflugerville. At least two other Musk companies, SpaceX and Neuralink, have a Central Texas presence without being headquartered here.

Technology journalist Nilay Patel this afternoon voiced concerns that owning Twitter and Tesla together could be problematic for Musk, as his Tesla manufacturing facilities in Germany and China are both in countries that have disputes with Twitter over content moderation and censorship.

Telsa shares fell after the Twitter news became public, before rallying to close up, at $249.44.