Tag: Elon Musk
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Elon Musk backs out of $44 billion Twitter purchase deal
Elon Musk is ending his $44 billion bid to buy Twitter, alleging multiple breaches of the merger agreement. The announcement is the latest event of this deal which was first reported after Musk decided to buy Twitter in April. Musk said he had ended the deal because Twitter failed to provide sufficient data on the…
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Donald Trump reevaluating lawsuit after Elon Musk’s Twitter takeover
Former US President Donald Trump is reevaluating his lawsuit against Twitter following Elon Musk’s proposed $44 billion takeover of the online platform from where Trump remains banned. Lawyers for Trump say that they will discuss the issue with Musk once he has gained full control of Twitter. “When all of that happens, we expect to…
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Twitter accepts Elon Musk’s buyout deal
Social media Twitter’s board has accepted an offer from American billionaire Elon Musk to acquire the social media company and take it private, the company announced Monday. The stock was halted due to the news but was up over 6% once it resumed trading. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital…