Breaking Elon Musk pulls out of Twitter buyout deal; facing legal action and $1 billion breakup fee

[Raviteja]

 

[Jagadeesh]

https://twitter.com/x/status/1518614732839735304

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https://twitter.com/x/status/1518623997054918657

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[Raviteja]

 

[Bapun]

• Twitter’s board accepted billionaire Elon Musk’s offer to buy the social media company and take it private, the company confirmed.
• The announcement ends a weeks-long saga Musk kicked off when he offered to buy the company at $54.20 per share, his “best and final.”
• Twitter’s board sought to fend off a hostile takeover by adopting a so-called poison pill.

Twitter accepts Elon Musk's buyout deal

The announcement ends a weekslong saga Musk kicked off when he offered to buy the company at $54.20 per share, his "best and final."

www.cnbc.com

https://twitter.com/x/status/1518665908037820418

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[Bapun]

https://twitter.com/x/status/1518664847768006656

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[Bapun]

https://twitter.com/x/status/1518677066325053441

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[yashwanth05852]

https://twitter.com/x/status/1518677384580374530

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[Bapun]

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said.

www.reuters.com

 

[Raviteja]

https://twitter.com/x/status/1519866602396606464

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[Bapun]

More than half of Elon Musk’s Twitter followers are fake

World’s richest person pledged to ‘defeat the spam bots or die trying’ after takeover announced, though succeeding could reduce his followers by half

www.independent.co.uk