‘Friday 13th horror show’: Musk’s announcement that his Twitter buyout is on hold sends stock plummeting by 20 per cent May 13, 2022 Elon Musk’s decision to put his $44bn takeover of Twitter on hold has sent the social media giant’s stock plummeting by almost 20 per cent. The billionaire Tesla owner took to Twitter this morning announcing the deal was off, citing concerns over the amount of fake users. He wrote: “Twitter deal temporarily on hold pending [...]
Elon Musk says $44bn mega takeover of Twitter is ‘on hold’ May 13, 2022 Elon Musk wrote on Twitter that the mega takeover of Twitter is on hold. Twitter recently accepted a $44bn bid from Musk to acquire the social media company. The billionaire posted a link to a Reuters article which outlined a Twitter filing stating fake and spam accounts made up less than five per cent of [...]
Elon Musk’s £36bn Twitter takeover could face price slash May 9, 2022 Investment firm Hindenburg Research has said Elon Musk's $44bn (£36bn) Twitter takeover could be repriced lower if the eccentric billionaire walks away from the bid.
Elon Musk suggests firms may need to pay for Twitter, as senior MP asks him to appear before committee May 4, 2022 Twitter’s new owner Elon Musk has suggested businesses may have to start paying to use it. The richest man in the world who purchased the social media giant last month for $44bn, made the claim on Twitter on Wednesday. The Tesla boss wrote: “Twitter will always be free for casual users, but maybe a slight [...]
Elon Musk loses bid to lift screening of tweets about Tesla April 28, 2022 The world’s richest man, Elon Musk, has lost a bid to lift a screening process on his tweets about Tesla. The new owner of Twitter had agreed for his social media posts to be looked at by a lawyer in 2018, and sought to remove the oversight. The entrepreneur, who recently said the electric car [...]
Twitter takeover: Elon Musk secures his own billion dollar break clause April 27, 2022 Despite sending shockwaves across the business world, Elon Musk could walkaway from his $44bn Twitter takeover for just $1bn. According to a regulatory filing by Twitter on Tuesday, limited damages could be brought by the social media firm if the eccentric billionaire failed to provide the equity financing needed for the deal to go through. [...]
Tesla shares plunge following Musk’s Twitter takeover, with $97bn wiped off valuation April 26, 2022 Tesla’s shares plunged 11 per cent today less than a day after chief executive Elon Musk snatched Twitter for $44bn. Twitter’s takeover wiped off $97bn off of Tesla’s valuation after Musk secured a $12.5bn loan against his share in the automotive giant, the Financial Times reported. The extravagant entrepreneur said he will fund the acquisition [...]
Twitter sale: The rocky road for online safety in Musk’s world of free speech April 26, 2022 The business world was sent into frenzy on Monday night after Twitter accepted a $44bn buyout offer from Tesla tycoon Elon Musk.
Global supply of electric car batteries could be shifting East to West, say analysts April 26, 2022 The world’s supply of advanced batteries, critical for electric cars, could be shifting West, say analysts, as production grinds to a halt in Asia. China’s most recent Covid-19 lockdowns have ‘chipped away’ at the country’s dominance in the battery market, analysts at independent energy researcher Rystad Energy, Susan Zou and Abhishek Murali, explained. Businesses have [...]
Twitter sale could be agreed as early as today as Elon Musk enters ‘final stretch’ of negotiations April 25, 2022 Twitter is in the final stretch of negotiations in its sale to Elon Musk, with a deal potentially being reached as early as today. As reported by Bloomberg, the social media firm is hammering out the terms of a transaction, according to inside sources. On April 14, the eccentric billionaire announced an offer to buy the [...]