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Page 53 - Latest Updates on Elon Musk

Vanguard group dislodges Elon Musk as Twitter's largest shareholder

Musk still remains the largest individual shareholder

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Updated On : 16 Apr 2022 | 11:17 AM IST

EXPLAINER: What is Twitter's 'poison pill'? What is it supposed to do?

Twitter is trying to thwart billionaire Elon Musk's takeover attempt with a poison pill" - a financial device that companies have been wielding against unwelcome suitors for decades.

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Updated On : 16 Apr 2022 | 11:16 AM IST

Tesla CEO Elon Musk may bring wealthy partners to acquire Twitter

As Twitter adopts the 'poison pill' strategy to stop Elon Musk from forcefully buying it, the Tesla CEO is reportedly speaking to investors who could partner with him on acquiring the platform

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Updated On : 16 Apr 2022 | 11:09 AM IST

Twitterati ask Musk to buy Sri Lanka instead of Twitter for $43bn

Twitter users want Tesla CEO Elon Musk to acquire Sri Lanka instead of the microblogging site for $43 billion, as the country faces its worst economic crisis since its Independence.

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Updated On : 16 Apr 2022 | 11:04 AM IST

Twitter taps JPMorgan as adviser alongside Goldman to respond to Musk bid

Besides Musk's offer, Twitter has been fielding takeover interest from other parties

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Updated On : 16 Apr 2022 | 8:54 AM IST

Twitter adopts "poison pill" after Musk's acquisition intent

Twitter has announced that its Board of Directors has unanimously adopted a limited duration shareholder rights plan following an unsolicited, non-binding proposal to acquire Twitter by Elon Musk

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Updated On : 16 Apr 2022 | 6:47 AM IST

Twitter CEO tells employees company not 'held hostage' by Elon Musk offer

Twitter Chief Executive Officer Parag Agrawal told staff that the board was continuing to review Musk's offer, but that he was limited in what he could share with the employees

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Updated On : 16 Apr 2022 | 1:39 AM IST

Bid for Twitter: Elon Musk's Buffett-like playbook may not work

Investment bankers, investors and analysts said he needed a blowout bid and more details on his financing for this strategy to work

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Updated On : 16 Apr 2022 | 1:32 AM IST

Elon Musk deals Twitter a wild card as shareholders seek reforms: Analysis

Even if he fails to buy Twitter, the Tesla CEO, who recently disclosed a 9.6% stake, is seen as likely to vote in ways that could shake up the company at its virtual May 25 meeting

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Updated On : 15 Apr 2022 | 11:48 PM IST

Twitter adopts 'poison pill' to fight Elon Musk's takeover offer

Under the plan, the rights will become exercisable if anyone acquires ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the Board

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Updated On : 15 Apr 2022 | 10:33 PM IST

Explained: How Elon Musk made an open offer that Twitter can refuse

Twitter CEO Parag Agrawal has said he can't discuss the contours of the offer but the board is considering the deal

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Updated On : 16 Apr 2022 | 6:08 AM IST

Elon Musk's 'free speech' Twitter risks scaring off advertisers

Musk lobbed his $43-bn takeover offer for Twitter with the intent of unlocking its potential to be the 'platform for free speech around the globe'

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Updated On : 15 Apr 2022 | 8:45 PM IST

Musk spars with major Saudi investor over Twitter takeover offer

Tesla CEO Musk on Friday took a jab at Saudi Prince Alwaleed bin Talal, a major Twitter investor who rejected Musk's hostile offer to acquire 100 per cent of the micro-blogging platform for $43 bn

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Updated On : 15 Apr 2022 | 11:47 AM IST

Twitter will follow 'rigorous' process on Musk offer: Parag Agrawal

After Elon Musk made a hostile bid to acquire Twitter for nearly $43 billion, CEO Parag Agrawal has tried to convince employees that the micro-blogging platform would follow a "rigorous process"

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Updated On : 15 Apr 2022 | 11:18 AM IST

Twitter's algorithm should be open source, says Elon Musk

In his first public, non-tweeted comments since the saga began, Musk addressed why he wants to buy the company, and the changes he would want to bring about: Report

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Updated On : 15 Apr 2022 | 10:59 AM IST

The Twitter investors Elon Musk hopes to keep may not want to stay

Musk, in the time since the initial proposal, made his first public comments Thursday about the big deal expressing doubt if the bid will ultimately go through.

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Updated On : 15 Apr 2022 | 7:34 AM IST

Twitter is weighing a poison pill defense to thwart Musk's takeover bid

A poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of the hostile party.

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Updated On : 15 Apr 2022 | 7:31 AM IST

Elon Musk needs 'massive loan' or big Tesla stock sale to buy Twitter

The purchase isn't straightforward, but Musk has several financing paths.

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Updated On : 15 Apr 2022 | 7:29 AM IST

Elon Musk wants to buy out Twitter in $43-billion unsolicited bid

Offer price of $54.20 per share is 38% premium to Twitter's Apr 1 close, the last trading day before his stake in the platform was made public

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Updated On : 15 Apr 2022 | 12:51 AM IST

Twitter board to evaluate 'unsolicited, non-binding' Musk's $43-bn offer

Saudi Arabia's Prince Alwaleed bin Talal rejected Elon Musk's bid, saying the deal doesn't 'come close to the intrinsic value' of the popular social media platform

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Updated On : 15 Apr 2022 | 12:01 AM IST