A judge suspended litigation on Elon Musk‘s proposed $44 billion acquisition of Twitter, giving the parties until October 28 to close the deal A judge suspended litigation on Elon Musk‘s proposed $44 billion acquisition of Twitter, giving the parties until October 28 to close the deal A judge has delayed a looming trial between Twitter and Elon Musk, […]
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Billionaire Elon Musk is proposing to proceed with his original $44 billion bid to take Twitter Inc (TWTR.N) private, security filings showed on Tuesday, calling for an end to a lawsuit by the social media company that could have forced him to pay up, whether he wanted to or not. An agreement would put the world’s richest […]
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Twitter Inc employees expressed disbelief and exhaustion on Friday after billionaire entrepreneur Elon Musk said he was terminating a deal to buy the social media company in what could be the start of months of legal wrangling. Musk said Twitter breached multiple provisions of a $44 billion merger agreement struck in April, including by failing […]
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Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Elon Musk’s crown jewel, Tesla, has grappled with production glitches in China and slow output growth at new factories in Texas and Berlin Tesla Inc is expected to end its nearly two-year-long […]
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Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Musk said the cuts would apply only to salaried workers, meaning a 3.5% reduction in total headcount, changes he described as “not super material” Elon Musk, CEO of Tesla, said a […]
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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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Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless the social media company provides […]
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Elon Musk may find a way to prove his claim that spam accounts on Twitter Inc’s platform are significantly higher than the social media company has estimated, but showing that he and investors were misled will be difficult, legal experts say. Musk tweeted on Tuesday that his $44 billion deal to acquire Twitter could not […]
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The new financing could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against his Tesla shares. The new financing could reduce the $21 billion cash contribution that Musk has committed to the deal as well as a margin loan he secured against […]
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