On Friday Elon Musk said, his $44-billion acquisition of Twitter Inc temporarily placed on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5%… Read More ›
A Florida pension fund has sued Elon Musk and Twitter Inc in an attempt to stop Musk from completing his $44 billion acquisition of the social media company before 2025. The Orlando Police Pension Fund has launched a proposed class action… Read More ›
In a significant development Elon Musk has agreed to acquire Twitter Inc for $44 billion in an all cash deal. Musk, who terms himself as a free speech absolutist, was earlier critical of Twitter’s moderation. He aims to place Twitter’s algorithm… Read More ›
Jack Dorsey, who co-founded Twitter Inc, took aim at the social media company in a series of tweets, following Elon Musk’s $43 billion takeover offer. Dorsey, who incidentally is on Twitter’s board, said Twitter’s board has “consistently been the dysfunction of… Read More ›
According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
According to sources familiar with the matter at hand, Thoma Bravo LP, a buyout firm, has approached Twitter Inc to express its interest in forming a team to acquire it. The development comes in the wake of Elon Musk making a… Read More ›
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
Twitter Inc’s CEO Jack Dorsey has stepped down from his role following which Parag Agrawal, Twitter’s Chief Technology Officer is set to lead the company. Agrawal, a 10-year veteran in Twitter, has signaled a tacit endorsement of a board strategy… Read More ›
According to a report from Bloomberg citing sources familiar with the matter at hand as saying, in recent months Twitter Inc had held discussions to acquire Clubhouse for $4 billion valuation. Discussions are no longer ongoing, and it is not… Read More ›
Private equity firm Silver Lake Partners aims to raise at least $16 billion from investors for its sixth flagship buyout fund despite prevailing uncertainties following the outbreak of the Wuhan Coronavirus, said sources familiar with the matter at hand. Investing… Read More ›
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