Elon musk buys twitter

elon musk buys twitter

How much did Elon Musk pay for Twitter?

Elon Musk struck a deal on Monday to buy Twitter for roughly $44 billion, in a victory by the world’s richest man to take over the influential social network frequented by world leaders, celebrities and cultural trendsetters.

Is Twitter’s merger with Elon Musk really closing?

Bret Taylor, the chairman of Twitter’s board, tweeted the company “is committed to closing” the deal and plans to “pursue legal action to enforce the merger agreement.” Musk and Twitter both agreed in April that if a party chose to withdraw from the deal, that party would have to pay a fine of $1 billion.

What does Elon Musks $44bn bid for Twitter mean?

The board of Twitter has agreed to a $44bn (£34.5bn) takeover offer from the billionaire Elon Musk. Mr Musk, who made the shock bid less than two weeks ago, said Twitter had tremendous potential that he would unlock.

How much will Elon Musk borrow to buy Tesla?

Morgan Stanley and a group of other lenders offered $13 billion in debt financing and another $12. 5 billion in loans against Mr. Musk’s stock in Tesla. He was expected to add about $21 billion in equity financing. Twitter did not provide details of the equity financing on Monday. It also set no conditions for Mr.

Will Elon Musk buy Twitter for $41 billion?

Elon Musk has made an offer to buy Twitter for around $41 billion in the latest twist in the relationship between the billionaire and the social media giant. Musk has offered to purchase the entirety of shares in Twitter at a price of $54.20 per share, which represents a 38% premium on top of Twitter’s stock price as of the 1 April close.

Why is Twitter teeing up a legal fight against Elon Musk?

Twitter chairman Bret Taylor let it be known that the company is teeing up for a legal fight to make Musk follow through on his commitment. “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement,” he posted in a tweet.

Did Elon Musk’s lawyer say he received information about bots?

Back in June, Musk’s lawyers filed a letter stating that part of the SpaceX founder’s funding was contingent on him receiving the information about bots to evaluate the deal.

Why did Elon Musk cancel his bid to buy Twitter?

Elon Musk has withdrawn his $44bn (£36.5billion) bid to buy Twitter citing issues involving the deal for the social media platform. A letter from the billionaire ’s lawyers addressed to the social media platform said Twitter “has not complied with its contractual obligations” relating to the information it holds on fake accounts

Who is Elon Musk and what is his net worth?

Mr Musk is the worlds richest person, according to Forbes magazine, with an estimated net worth of $273.6bn mostly due to his shareholding in electric vehicle maker Tesla which he runs. He also leads the aerospace firm SpaceX.

Will Twitter take legal action to enforce Musk’s merger agreement?

“The Twitter board is committed to closing the transaction on the price and terms agreed upon with Mr Musk and plans to pursue legal action to enforce the merger agreement,” said Bret Taylor, the chair of the board at Twitter.

How many children does Elon Musk have?

He now has nine known children. Musk and Zilis filed a petition in April to change the twins names in order to have their fathers last name and contain their mothers last name as part of their middle name, according to the court documents.

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