Musk sells $7bn worth of Tesla shares as Twitter battle heads to trial August 10, 2022 Elon Musk has sold nearly $7bn (£5.7bn) worth of Tesla shares as his battle with Twitter over his botched takeover heads to court. Musk, tech entrepreneur and the world’s richest man, will head to trial on 17 October. Musk had sold $8.5bn (£7bn) worth of Tesla shares in April, assuring shareholders that he was not [...]
Twitter takeover should go ahead if it coughs up proof of accounts, Musk says August 6, 2022 Elon Musk has revived hopes that his Twitter takeover may go ahead after writing the deal should proceed “on its original terms” if the social media site provides its method for confirming accounts are genuine.
Elon Musk denies affair with Google co-founder’s wife Nicole Shanahan July 25, 2022 Elon Musk pushes back against rumours that he had an affair with Google co-founder Sergey Brin’s wife. It comes after the Wall Street Journal reported that Musk’s alleged affair with Nicole Shanahan had caused a rift with Brin. Replying to the story on Twitter, the billionaire entrepreneur said the report was “total bs”. Musk added [...]
Twitter v Elon Musk: Takeover trial fast-tracked to October July 19, 2022 Twitter's attempt to force Elon Musk to complete his $44bn takeover has been fast-tracked to October, with the social media titan arguing that any further delay would cause damage to the business.
‘Delete Twitter’ searches soar by 204 per cent as app crashing and Musk deal falters July 15, 2022 Searches for “Delete Twitter” surged by 204 per cent after the app crashed and Elon Musk pulled out of his $44bn (£37.2bn) bid to buy the social media platform. Searches to delete Twitter rose to more than double the average amount after users were unable to load any content on the app yesterday, research by [...]
Musk’s $44bn u-turn on Twitter hits City advisor fees hard July 14, 2022 Twitter and Elon Musk’s financial advisors could lose big bucks after the eccentric entrepreneur walked away from the $44bn mega deal. According to an earlier regulatory filing, the social media firm’s financial advisors Goldman Sachs and JP Morgan Chase could have nabbed fees totalling to $133m, while Refinitiv suggested that Morgan Stanley and the other [...]
Twitter shares climb as investors back Elon Musk lawsuit over $44bn takeover July 13, 2022 Twitter’s shares climb over five per cent in early morning trading after news broke that the social media titan had officially sued Elon Musk to force him to follow through with his $44bn takeover. Last week the world’s richest man announced that he would be walking away from the mega deal, citing the Silicon Valley’s firm [...]
Twitter shares take a tumble as Elon Musk’s takeover u-turn sets in July 11, 2022 Shares continue to tumble for Twitter as the Silicon Valley titan feels the hangover of Elon Musk’s takeover u-turn this weekend. The stock dropped over seven per cent in early morning trading on the Nasdaq after the eccentric billionaire called off his $44bn (£37bn) purchase of the social media platform. He accused the company of [...]
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]
Twitter plans to sue following Musk’s withdrawal from $44bn takeover July 9, 2022 Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]