Biodun on Twitter has confirmed it received the proposal from Elon Musk to buy the company again and remains committed to honouring the originally agreed deal. In a statement issued by the Investor Relations account, Twitter states, “the intention of the Company is to close the transaction …
Biodun on The Twitter vs Elon Musk battle took a different turn on Tuesday, with the Tesla CEO deciding to buy Twitter at the originally agreed price. According to Bloomberg sources, Musk sent a letter to buy Twitter for the $54.20 per share price agreed in April …
Biodun on Ahead of the lawsuit trial involving Twitter and Elon Musk that is set to begin on October 17th, the presiding judge at the Delaware Court of Chancery has rebuffed the request from Musk’s legal team to access Twitter user details. Judge Kathaleen McCormick did, however, …
Biodun on After winning the case to have the trial for the lawsuit filed against Elon Musk to be held in October, Twitter now has a definite date for when the trial will take place October. According to The Verge, Chief Judge at Delaware Court of Chancery …
Biodun on On Tuesday, Chief Judge at Delaware Chancery Court, Kathaleen St. J. McCormick ruled that Twitter’s lawsuit against Elon Musk for canceling his $44 billion buyout of the company will be held in October over a 5-day trial. Twitter had earlier proposed a September trial period, …
Biodun on On Friday, Elon Musk’s legal team filed a complaint saying Twitter is pushing for a “warp speed” trial to have the court case over his decision to pull out of the $44 billion takeover agreement wrapped up in September, Bloomberg reports. Twitting claims the agreement …
Biodun on The saga between Twitter and Elon Musk continued on Tuesday as the social media company filed a lawsuit against the Tesla CEO in response to his decision to formally withdraw from the $44 billion takeover agreement. In the 62-page lawsuit, Twitter says Musk “refuses to …
Biodun on Elon Musk’s protracted saga with Twitter took a dramatic turn on Friday after he officially filed to pull out of the $44 billion takeover agreement he reached in April. According to an SEC filing, Musk’s lawyers said he’s terminating the deal because Twitter is in …
Biodun on In a virtual meeting with Twitter employees on Thursday, Elon Musk suggested the social media company should adopt a model similar to WeChat and TikTok if it is to accomplish its goal of hitting 1 billion users, The Verge reports. While answering questions from Twitter …
Biodun on For the first time since reaching an agreement to acquire Twitter in April, Elon Musk this week will answer questions from Twitter employees at a virtual company meeting according to Bloomberg. In late April, the Tesla CEO reached a $44 billion deal to acquire the …
Biodun on Elon Musk, the billionaire who is waiting for his deal to take Twitter private to be completed says he “would reverse the permanent ban” placed on former U.S. President, Donald Trump. Musk has been hammering on free speech since he reached an agreement to acquire …
Biodun on As he waits for his $44 billion Twitter takeover deal to be completed, Elon Musk continues to remain vocal about his ideas for the company. On Tuesday, the Space X and Tesla CEO tweeted that Twitter will always be free for “casual users” but that …
Biodun on Twitter announced today in a press release it has reached an agreement with Elon Musk to acquire the company for $54.20 per share cash in a deal valued at $44 billion. The news follows an earlier report from The Wall Street Journal that Twitter executives …
Biodun on After adopting a “poison pill” measure to fight off Elon Musk’s takeover bid, Twitter might now be open to agreeing to a deal with the Tesla CEO. According to The Wall Street Journal, Musk met with Twitter Executives on Sunday and a deal to sell …
Biodun on In order to thwart Elon Musk’s takeover plan, Twitter’s board of directors on Friday announced it had adopted a new “shareholder rights plan.” In a press release, the board of directors said it made the decision “following an unsolicited, non-binding proposal to acquire Twitter.” Known …
Biodun on The drama between Twitter and Tesla CEO Elon Musk took a turn today when he announced on his Twitter account he’s made an offer to buy 100 percent of Twitter in a takeover attempt. According to an updated 13D filing on Thursday with the U.S. …