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.
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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.
Elon Musk’s short-lived effort to take Tesla private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation.
It is the biggest acquisition financing ever put forward for one person. Elon Musk is doing it his way.
Elon Musk formed a trio of holding companies as part of his bid to acquire Twitter, potentially giving the billionaire a path to bring all of his business ventures under a single parent.
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.
With Tesla’s strong quarterly report on Wednesday, CEO Elon Musk has scored a hat trick of performance goals worth a combined $23-billion in new compensation.
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.
Elon Musk’s public venting about the US Securities and Exchange Commission at a TED talk went too far, according to investors who are suing the billionaire and Tesla.