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...
Buying Twitter is an accelerant to creating X, the everything app— 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 ...
There was a lot of back-and-forth about bots and text messages, but in the end, Musk settled on buying the company rather than facing a deposition or Chancery Court trial andeventually strode into Twitter HQ carrying a sink. Since then, there have been layoffs, more layoffs, and even mor...
In September 2018, the SEC charged Musk with making "false and misleading" statements to investors when he announced via Twitter in August that year he was considering taking Tesla private at $420 a share and had funding secured. Musk and Tesla eventually agreed to a settlement with the govern...
On April 4, Twitter confirmed that Musk had acquired a 9.2 percent share of the company to become its largest shareholder. But Musk later refused to join the board. As a board member, Musk wouldn't be allowed to own more than 14.9 percent of the company. ...
Tesla and SpaceX CEO Elon Musk abandoned his plans to join the board of Twitter after buying a 9% stake. Twitter CEO Parag Agrawal wrote in a company announcement he shared on Twitter, “There will be distractions ahead but our goals and priorities remain unchanged.” Musk’s appointment...
But due to that very lawsuit, we now know that, at one point, Musk seemed pretty serious about actually buying Twitter. As part of the legal discovery process prior to the two parties meeting in court, the Tesla CEO's texts about Twitter have been made public. Among the fundra...
Twitter has agreed to Tesla CEO Elon Musk's offer to buy the company for $44 billion, Twitter announced today. Bloomberg was first to report...
Four years later, Pravda has not seen the light of day. However, Musk begins to quietly buy Twitter shares. March 26, 2022 Musk criticizes Twitter, obliquely accusing it of "failing to adhere to free speech principles". Given that Twitter serves as the de facto public town square, failing...
Musk also said he tweets from the toilet On April 13th, Musk, who is Twitter’s second-largest shareholder, sent Twitter a little letter with the $54.20 per share offer. That number is a 54 percent premium over the share price before Musk started buying stock and a 38 percent premium ove...