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Apr 24, 2022 · 3. Elon Musk buys 9.2% share of Twitter on April 4th. Twitter published a note confirming that the SpaceX and Tesla entrepreneur has taken a 9.2% share of the company, working out to around $2.9 ...
Oct 28, 2022 · Here are the winners and losers. 01:46 - Source: CNN. New York CNN Business —. Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday ...
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On April 14, Musk made an unsolicited and non-binding offer to Twitter to purchase the company for $43 billion, or $54.20 per share, and take it private. Though the offer was made to company management, the bid was described as a hostile takeover attempt because of the implied threat to purchase the outstanding stock if management declined.
Oct 27, 2022 · Oct. 27, 2022. After months of waffling, lawsuits, verbal mudslinging and the near miss of a full blown trial, Elon Musk now owns Twitter. On Thursday night, Mr. Musk closed his $44 billion deal ...
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On April 5, Musk discloses he has purchased more than 9% of Twitter's shares on the open market. At first, he is offered a board seat. That plan quickly falls through — and Twitter decides to adopt a poison-pill strategyto fend off a hostile takeover from Musk. Musk subsequently makes an offer to buy Twitter for $54.20 a share, or about $44 billion...
On May 13, Musk tweets he is putting the deal to acquire Twitter "temporarily on hold" pending additional information about the volume of fake and spam accounts on the platform. That's despite regular disclosures by Twitter stretching back years featuring its estimates that less than 5% of the accounts on the site were fraudulent. Although Musk sub...
Unable to come to an agreement over the bots issue, Twitter sues Musk in Delaware court to enforce the $44 billion deal. “Musk’s conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process,” the company says. Musk ultimately countersues, once again accusing Twitter of fraud — allegatio...
As the trial approaches and markets increasingly predict a verdict in favor of Twitter, Musk says he will resubmit his bid to acquire the company for $54.20 if Twitter agrees to head off a trial. Twitter declines to do so, but Judge McCormick decides to give the two sides until the end of the month to hammer out an agreement. As the deal nears, The...
Musk's arrival is notably hailed by libertarians and right-leaning pundits. Within 48 hours of taking over, Musk tweets, then deletes, an unfounded, anti-LGBTQ conspiracy theory about the Paul Pelosi attack. A week after Musk’s takeover, far-right figures begin to test Twitter’s boundaries for anti-LGBTQ speech. Despite stating that he had not made...
Oct 28, 2022 · April 14 “I made an offer,” Mr. Musk says on Twitter, disclosing that he was seeking to buy the rest of the company for $54.20 a share in cash and calling the bid his “best and final offer.”
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Oct 5, 2022 · Elon Musk’s deal to buy Twitter Inc. has been on a wild ride during the past six months. Here are the key events: April 4: Elon Musk disclosed a 9% stake in Twitter , turning one of the social-m
