Billionaire Elon Musk is proposing to go ahead with his original offer of $54.20 to take Twitter Inc private, Bloomberg News reported on Tuesday, sending the shares of the social media firm surging. Twitter shares jumped 12.7% at $47.93 before trading was halted for the second time, while Tesla Inc, the electric vehicle company that […]
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Twitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter. Musk, the chief executive officer of Tesla, on Friday terminated his deal, saying Twitter […]
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Mr. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees Mr. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the […]
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