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 [...]
It’s on: Twitter’s board and Elon Musk negotiate into the early hours over £36bn bid to snap up the social media giant April 25, 2022 Elon Musk and Twitter’s board negotiated into the early hours of this morning over the Tesla chief’s bid to buy the social media platform, The New York Times reported. Musk said last week that he had lined up $46.5bn, or £36.2bn, in financing to buy Twitter, putting pressure on the company’s board to negotiate a [...]
Twitter takeover: Musk lands £35bn funding commitment as approach intensifies April 21, 2022 Elon Musk has landed $46.5bn (£35.6bn) of funding commitment to snap up Twitter, as the takeover approach intensifies.
Twitter for sale? Private equity giant Apollo joins bid for social media firm April 19, 2022 Private equity powerhouse Apollo is participating in a bid for Twitter as the hostile takeover by Elon Musk lingers on.
Twitter takes ‘poison pill’ as board battles to thwart Musk takeover April 16, 2022 Twitter has adopted a ‘poison pill’ tactic in order to obstruct Elon Musk’s plans to take over the social media company. Twitter’s board unanimously approved a limited-duration shareholder rights plan on Friday. The so-called ‘poison pill’ would allow existing shareholders to buy stocks at a substantial discount to dilute the holdings of new investors. In [...]
Musk sued for not making Twitter stake increase public April 13, 2022 Elon Musk is being sued because he didn’t make public he had bought a major stake in Twitter. The Tesla and SpaceX billionaire, who recently became the largest shareholder in the social media giant, is facing action from investors in a New York federal court. This comes after Musk bought 9.2 per cent in Twitter [...]
Hostile Twitter takeover rumours grow as Elon Musk boasts he can grow stake ‘at any time’ April 12, 2022 The richest man in the world, Elon Musk, has fuelled rumours he will attempt a hostile takeover of Twitter, after saying he can boost his stake in the site “at any time”. The billionaire entrepreneur who runs Tesla and Space X became the social media giant’s main shareholder last week, but rejected an invitation to [...]
After Elon Musk turns down board seat: With 211m users worldwide, is Twitter the next social media giant to die? April 11, 2022 Sixteen years after its launch and with 211 million users, Twitter has long been considered one of the original social media platforms. However, as the likes of TikTok make rapid gains in popularity, it seems today’s social media users are being drawn away from the hard news and conflict of Twitter debate, to more positive environments. [...]
Elon Musk turns down Twitter board after asking 80m followers: ‘Is it dying?’ April 11, 2022 Elon Musk, the man behind Tesla and SpaceX, has turned down a spot on Twitter’s board, after being revealed as the platform’s majority shareholder. New Twitter CEO Parag Agrawal confirmed this morning: “Elon has decided not to join our board. “I believe this is for the best.” Musk was due to step onto the board [...]
Twitter confirms edit button in the works as Musk effect kicks in April 6, 2022 Twitter is already feeling the Elon Musk effect after confirming that it was working on a new edit button for its users. The new feature will allow Twitter goers to change their tweets once they have been posted, enabling typo fixes and changes without losing likes or retweets. The platform’s premium subscription service Twitter Blue [...]