Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Twitter Accepts Elon Musk’s $44 Billion Takeover Bid
Twitter’s Board of Directors has approved Elon Musk’s offer to purchase the social media firm and take it private in a transaction valued at about $44 billion, the company announced Monday. The company accepted the billionaire’s proposal of $54.20 per share. “Twitter has a purpose and relevance that impacts the entire world. Deeply proud of…
Tesla Shareholder Lawsuit Reveals Elon Musk’s Private Texts With Saudi Fund on Proposed Privatization
Text messages between Elon Musk and a representative of a Saudi Arabian investment firm have now surfaced as part of an ongoing shareholder lawsuit, shedding more light on the billionaire’s controversial 2018 tweet about taking the publicly traded company, Tesla Inc., private. “Am considering taking Tesla private at $420. Funding secured,” Musk said in the…
Twitter Shares Rally as Reports Say Elon Musk’s Takeover Deal Close
Twitter shares surged as news emerged that Elon Musk’s takeover bid could be accepted by Twitter’s board as early as Monday. Reuters reported that Twitter’s board of directors is close to reaching a deal with the world’s richest man to sell the social media network for roughly $43 billion in cash. According to anonymous sources,…
‘ESG Ratings Make No Sense’: Elon Musk Responds to Ark Invest Analyst Who Defends Bill Gates
Tesla Inc. CEO Elon Musk on Saturday responded to an assertion by Ark Investment Management analyst Brett Winton, who said it was “okay” for Bill Gates to short the EV Maker’s stock. What Happened Winton explained in a tweet that Tesla only has an “average” ESG (Environmental, Social, and Governance) rating, so as long as Gates…
Why Elon Musk Wishes SpaceX Had More Competition
Tesla, Inc. CEO Elon Musk has multiple ventures apart from his flagship electric vehicle manufacturing business. Among them is SpaceX, which Musk founded in 2002, with the objective of reducing space transportation costs. What Happened It now appears that Musk is unhappy with a lack of competition for his space venture. This came through as…
World’s Richest Man Is Homeless? Yes, Elon Musk Says He’s Sleeping at Friends’ Houses
Tesla Inc. CEO Elon Musk says he doesn’t own a home and has been sleeping on spare beds at the homes of his friends. What Happened During a recent interview, Musk said, “I don’t even own a place right now, I’m literally staying at friends’ places.” Musk added that he stays with friends around the San Francisco Bay…
Live Q&A: Obama, Hillary Call for Information Crackdown As Leftist Powerhouses Crumble
Former President Barack Obama gave a speech with the Stanford Cyber Policy Center where he called for deeper government control over the Internet and over information, in a move he said is needed to protect “democracy.” Soon after, former Secretary of State Hillary Clinton also commented online that more needs to be done to regulate…
Live Q&A 10:30PM ET: Obama, Hillary Call for Information Crackdown As Leftist Powerhouses Crumble
Former President Barack Obama gave a speech with the Stanford Cyber Policy Center where he called for deeper government control over the Internet and over information, in a move he said is needed to protect “democracy.” Soon after, former Secretary of State Hillary Clinton also commented online that more needs to be done to regulate…
How Elon Musk Managed to Convince Banks for Financing Proposed Twitter Deal?
Elon Musk disclosed in a filing on April 21 that he has received commitments for $46.5 million in debt financing to buy Twitter, Inc.. The announcement came a week after he launched his hostile takeover bid, and the social media platform reacted with the adoption of a poison pill. In a week’s time, how did…
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