Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed
Elon Musk announced on Friday that his planned $44 billion acquisition of Twitter is “temporarily on hold,” a further twist in the face of hints of internal strife around the potential acquisition. Following Musk’s statement, Twitter’s stock has dropped roughly 20 percent during early morning trading hours. Tesla’s stock increased by 5%. Musk agreed to […]
Related News
Now, Elon Musk wants to own Twitter. Yup. Musk has unleashed a takeover attempt for Twitter on Thursday, offering $43 billion, or $54.20 per share, in a filing with the US Securities and Exchange Commission – just weeks after becoming the social media giant’s largest individual shareholder. The guy has the wherewithal to do whatever […]
Elon Musk – the world’s richest person with a net worth of over $200 billion – sold almost $4 billion worth of Tesla shares after previously announcing he was already done doing so. It can be recalled that in August 9, Musk used Twitter – which he now owns courtesy of a $44 billion purchase […]
Elon Musk has been in the limelight recently due to the Twitter deal. There has been a number of back and forth between both parties as the terms of the deal become murky. Amid all of this, billionaire Elon Musk has made some significant moves regarding his Tesla stock. A new filing shows that the […]
Twitter Inc. has filed a lawsuit against Elon Musk to force the Tesla CEO to go through with the agreement to buy the social medial platform for $44 billion. Twitter alleges that Musk has breached the agreement repeatedly since he signed the deal with the company.
Twitter v. Elon Musk: Lawsuit Battle Begins
Twitter Inc. (NYSE: TWTR) has filed a lawsuit against Tesla and Spacex CEO Elon Musk for backing out of the deal to buy the social media platform. The lawsuit, filed in the Delaware Court of Chancery, names Musk and his companies — X Holdings I and X Holdings II....
Elon Musk has sold nearly 8 million Tesla shares worth almost $7 billion. “It is important to avoid an emergency sale of Tesla stock” if Twitter forces him to close the $44 billion deal to buy the social media platform, the Tesla CEO stressed. Elon Musk Sells Nearly 8 Million TSLA Shares Tesla and Spacex CEO Elon Musk has sold 7,924,107 shares of Tesla (Nasdaq: TSLA), according to a filing with the U.S. Securities and Exchange Commission (SEC) Tuesday night. The transactions took place on Aug. 5, 8, and 9. At the time of writing, the sales amounted to $6.86 billion. Musk....