US billionaire Elon Musk has clinched a deal to buy social media platform Twitter for $44 billion. The Twitter Board announced on Monday they had accepted Musk's offer. Musk has voiced concerns about the company's future after the takeover. He has been vocal against Twitter's moderation ...
SAN FRANCISCO - Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world's richest person — promotes his interests, attacks critics and opines on a wide range...
Elon Musk has completed his $44 billion deal to buy Twitter, a source familiar with the deal told CNN Thursday, putting the world’s richest man in charge of one of the world’s most influential social media platforms.Musk fired CEO Parag Agrawal and two other executives, according to two ...
But after he agreed on April 25 to buy Twitter, the stock within a matter of days began to fall as investors speculated Musk might walk away from the deal. With its tumble after the bell on Friday, Twitter was trading a...
Tesla CEO Elon Musk decided on Friday to terminate his $44 billion deal to buy Twitter, blaming the company for withholding information on its number of spam and fake accounts. ▲Tesla CEO Elon Musk. Photo/Agencies Musk's la...
Before Elon Musk bought it, Twitter was a public company listed on the New York Stock Exchange. Since the company went public in 2013, individuals and institutional investors could buy shares of the company on the open market. In fact, Musk already bought a 9.2% stake in Twitter before he...
In 10 days, Tesla CEO Elon Musk has gone from popular Twitter contributor and critic to the company's largest individual shareholder to a would-be owner of the social platform—a whirlwind of activity that could change the ...
— on Twitter. “The intention of the Company is to close the transaction at $54.20 per share.” Musk and Twitter have been battling for months now about the Twitter takeover. After offering to buy the company, Musk tried to cancel the deal, claiming that Twitter had lied about the ...
Twitter has agreed to be acquired by Elon Musk in a deal that values the company at $44 billion, the boardannouncedMonday afternoon. "The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders," Bret Taylor, the co...
Although a stake of less than 10% in a company is considered “passive” in the eyes of Wall Street, it could signal an effort by Musk to take a more active role in how Twitter is run. That is one of the factors prompting other investors to buy shares and drive up the price early...