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October 28, 2022
- Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022.
en.wikipedia.org › wiki › Acquisition_of_Twitter_by_Elon_Musk
Business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 28, 2022. Musk stated he intended to buy Twitter to build X, an "everything app" he had been developing since 2018 to mimic the Chinese app WeChat. [1]
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Apr 24, 2022 · Elon Musk will have to pay Twitter a $1 billion termination fee if he doesn’t go through with his $44 billion acquisition of the social network, announced on Monday, per a new SEC filing. The...
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...
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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 · Elon Musk has completed his $44 billion acquisition of Twitter, the company confirmed in a securities filing Friday, putting the world’s richest man in charge of one of the world’s most...
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Musk had originally agreed in April to buy Twitter for $54.20 a share. A few months later he sued the San Francisco-based company to back out of the deal, alleging the platform had misled...
Apr 25, 2022 · Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders,...
