Tag: Twitter Deal

Elon Musk to pay $1 bn as deal termination fee to Twitter
Elon Musk to pay $1 bn as deal termination fee to Twitter

Musk was expected to provide equity financing of approximately $21 billion on his own.

  • Saturday, 09 July 2022
Twitter to sue Musk for terminating $44 bn takeover deal
Twitter to sue Musk for terminating $44 bn takeover deal

In a surprising move, Musk's legal team said in a US Securities and Exchange (SEC) filing that he is terminating the deal because Twitter was in "material breach" of their agreement and had made "false and misleading" statements during negotiations.

  • Saturday, 09 July 2022
Musk says he's terminating $44 bn Twitter deal: Report
Musk says he's terminating $44 bn Twitter deal: Report

In a filing on Friday afternoon with the US Securities and Exchange Commission (SEC), Musk's team claimed he is terminating the deal because Twitter was in "material breach" of their agreement and had made "false and misleading" statements during negotiations.

  • Saturday, 09 July 2022
Elon Musk
Musk warns of killing Twitter deal over lack of user data transparency: Report

In a fresh SEC filing, Twitter shared a letter it received from Musk's legal team indicating displeasure with the company's offered information regarding the level of "spam and fake accounts" on its service, reports TechCrunch.

  • Monday, 06 June 2022
Elon Musk plans 10% staff cut at Tesla, freezes hiring
Elon Musk plans 10% staff cut at Tesla, freezes hiring

Tesla has nearly 1 lakh employees worldwide and Musk cites his "super bad feeling" about the economy for reducing the workforce.

  • Friday, 03 June 2022
Twitter deal 'cannot move forward' until CEO proves bot numbers: Elon Musk
Twitter deal 'cannot move forward' until CEO proves bot numbers: Elon Musk

Musk, at a conference in Miami, said that Twitter could have at least four times more fake accounts than what has been revealed in its filing.

  • Tuesday, 17 May 2022
Elon Musk Twitter Boss
Elon Musk and the $44 billion deal: Unfolding of Twitter takeover

It all started with a casual conversation. Who knew a few words exchanged on the platform in 2017 would end on a high note as big as buying the platform itself in 2022! That is Elon Musk for you.

  • Wednesday, 27 April 2022
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