elon musk

Twitter said Monday in a letter that billionaire Elon Musk’s bid to terminate his proposed $44 billion acquisition of the social media company is “invalid and wrongful.” Elon Musk’s lawyer Mike Ringler in a letter to the SEC on Friday cited many reasons for his decision to quit, noting that “Twitter has not complied with its contractual […]

Cryptocurrency exchange Binance has committed $500 million to finance Elon Musk’s $44 billion takeover of social media platform Twitter (TWTR). According to an updated Schedule 13D filing with the U.S. Securities and Exchange Commission (SEC) filed on Wednesday, the world’s largest crypto exchange was among the equity investors for the deal. A Schedule 13D is a […]

Twitter on Monday accepted Elon Musk’s offer to buy the company for roughly $44 billion. This comes as the Tesla earlier this month offered to buy Twitter for $43 billion in cash after acquiring a 9.2% stake in the company. Twitter’s board of directors previously “unanimously adopted a limited duration shareholder rights plan” after the unsolicited offer […]

The Twitter and Elon Musk saga is far from over as Elon Musk has made an offer to buy Twitter in an SEC filing. The billionaire has said he is willing to pay $54.20 per share to buy 100% of the company. It would be an all cash offer and would value the social network at […]

Elon Musk is joining Twitter’s board of directors a day after disclosing that the Tesla CEO took a 9% stakein the social media platform. Twitter Inc. said in a regulatory filing Tuesday that it entered into an agreement with Musk on Monday that will give the billionaire a seat on its board, with the term […]


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