Twitter, in one of its last earnings reports before Elon Musk takes the company private, reported revenue that missed analysts’ estimates.
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It was one of the most frenzied and unpredictable takeover bids ever, with Elon Musk sealing a deal to acquire Twitter for $44-billion within weeks of anyone even knowing he was an investor.
Amazon.com founder Jeff Bezos posed a provocative question after Elon Musk clinched a $44-billion takeover of Twitter.
Elon Musk clinched a deal to buy Twitter for $44-billion on Monday. Meanwhile, former US President Donald Trump said he will not return to the platform.
Twitter is poised to agree a sale to Elon Musk for $43-billion (R674-billion) in cash, the price the chief executive of Tesla has called his “best and final” offer.
Meta Platforms will this week attempt to overturn a controversial order to sell off Giphy, in a four-day trial that’ll mark the biggest antitrust court clash in the UK this year.
Elon Musk has secured a $46.5-billion financing commitment to acquire Twitter and is considering starting a tender offer for its outstanding shares.
Elon Musk wants to transform Twitter into a platform for free speech with few restrictions. But Musk, who is famously sensitive to criticism, has a mixed record on championing the cause.
Elon Musk is willing to invest up to $15-billion of his own money to take Twitter private, the New York Post reported, citing sources familiar with the matter.
Twitter has adopted a measure that would shield it from hostile acquisition bids, taking steps to thwart billionaire Elon Musk’s hostile offer.