When Elon Musk decided to buy Twitter, he enlisted the help (and financial assistance) of seven major banks to back his offer, ultimately securing loans of $13 billion. It seemed a good bet for the financial institutions at the time. Musk, after all, had a history of success with busines...
Tesla has great appeal to some investors. But this deal -- at least as spelled out by Musk -- is essentially asking someone to pay $420 per share for illiquid shares of a private company. (Or, alternatively, to lend a whole lot of money to a company...
— Elon Musk (@elonmusk) October 4, 2022 “The only thing that’s surprising is that he didn’t manage to knock a dollar off the deal price.” “We received the letter from the Musk parties which they have filed with the SEC,” Twitter’s investor relations account said— where else...
Last month, Musk said that the deal was "on hold" while he confirmed that the number of bots Twitter said were on the platform was accurate, even getting into a public dispute with Twitter CEO Parag Agrawal — on Twitter. Wall Street broadly interpreted the move as aneffort to negotiate a...
At the TED conference, Musk said he has the money. "I could technically afford it," he said to laughs. Should Musk go through with his takeover attempt, he likely could raise the roughly $43 billion he needs, possibly by borrowing billions using his stakes in Tesla and SpaceX as collat...
Musk has the option of sidestepping the board and trying to buy shares directly from shareholders on the market, but that could lead to tedious negotiations with some stock owners holding out for more money. "The Twitter board has limited ability under Delaware law to stop a tender offer made...
Twitter’s board and Tesla CEO Elon Musk is negotiating over his bid to buy the social media platform, The New York Times reported.
Musk's move was not a surprise to many based on his recent comments about the number of fake accounts on the social media platform. His team had tussled with Twitter over "spam bots" and threatened to walk away from the deal if the company couldn’t show that less than 5% of its...
The meme coin gained support from figures like Elon Musk, with Dogecoin becoming ‘the people’s currency’.If you’re wondering how to buy Doge, the process is quite easy. Start by creating an account on a reputable cryptocurrency exchange—many of the best Doge exchanges, include Binance,...
Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He’s offering $54.20 per share in cash.