After Elon Musk made a hostile bid to acquire Twitter for nearly $43 billion, CEO Parag Agrawal has tried to convince employees that the micro-blogging platform would follow a "rigorous process"
In his first public, non-tweeted comments since the saga began, Musk addressed why he wants to buy the company, and the changes he would want to bring about: Report
Musk, in the time since the initial proposal, made his first public comments Thursday about the big deal expressing doubt if the bid will ultimately go through.
A poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of the hostile party.
The purchase isn't straightforward, but Musk has several financing paths.
Offer price of $54.20 per share is 38% premium to Twitter's Apr 1 close, the last trading day before his stake in the platform was made public
Saudi Arabia's Prince Alwaleed bin Talal rejected Elon Musk's bid, saying the deal doesn't 'come close to the intrinsic value' of the popular social media platform
Twitter rises on Elon Musk's $41-bn buyout offer'; Morgan Stanley, Citi rise after results; Wells Fargo slips after quarterly profit drops
Musk offered to buy the social media company for $54.20 a share, two weeks after revealing he'd accumulated a 9% stake
Musk's offer price of $54.20 per share represents a 38% premium to Twitter's April 1 close, the last trading day before the Tesla CEO's more than 9% stake in the company was made public
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A Twitter investor has sued Tesla and SpaceX CEO Elon Musk for failing to disclose his stake in the micro-blogging platform as sought by the US laws.
Elon Musk's huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colourful billionaire illegally delayed disclosing his stake in the social media company
Musk's deal to join the board included an agreement to keep his share in the company under 15 percent
Tech billionaire Elon Musk would not be joining Twitter's Board of Directors but he may still engage with the social media company's management on a variety of discussions
Sources told Reuters that Musk had asked Twitter for a board seat even before the company's invitation
Amazon founder Jeff Bezos on Monday agreed with Tesla and SpaceX CEO Elon Musk to convert Twitter's San Francisco headquarters in the US into a homeless shelter.
Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3 billion, in Twitter Inc
Amazon.com Inc founder Jeff Bezos backed the idea
Twitter Blue, launched in June 2021, is Twitter's first subscription service