Enlarge (credit: Aurich Lawson / Getty Images) If Twitter’s board initially thought Elon Musk’s offer to buy the social media company for $43 billion was just a stunt, it has now found itself on the defensive on multiple fronts. After the world’s richest man revealed on Thursday how he plans to fund his takeover bid, […]
Enlarge Tesla CEO Elon Musk won’t be subject to a gag order in the court case over his infamous “Funding secured” tweets, but a federal judge confirmed that the jury will be told Musk’s tweets were false. District Judge Edward Chen denied the gag order requested by lead plaintiff Glen Littleton in a ruling issued […]
Enlarge (credit: Aurich Lawson / Duncan Hull / Getty) Elon Musk is continuing his pursuit of Twitter. In an SEC filing [PDF] Thursday, Musk revealed that he has $46.5 billion in financing lined up to close the deal. The Tesla and SpaceX founder would cover $21 billion of the purchase price himself. A consortium of […]
Enlarge / Tesla CEO Elon Musk speaks at gigafactory opening party in Austin, Texas, on April 7, 2022. (credit: Getty Images | Suzanne Cordeiro) On Wednesday, Tesla CEO Elon Musk urged a judge to reject a request for a gag order that would prevent him from continuing to publicly claim that his infamous “Funding secured” […]
Enlarge (credit: Getty Images | NurPhoto) The shareholder who sued Elon Musk and Tesla over Musk’s infamous “Funding secured” tweet is seeking a temporary restraining order to prevent Musk from continuing in order to claim publicly that the 2018 tweet was accurate. The lead plaintiff representing a class of Tesla shareholders says a federal judge […]
Enlarge (credit: Getty Images | NurPhoto) The shareholder who sued Elon Musk and Tesla over Musk’s infamous “Funding secured” tweet will be seeking a temporary restraining order to be able to prevent Musk from continuing for you to claim publicly that this 2018 twitter update was accurate. Charge plaintiff symbolizing a class of Tesla investors […]
Enlarge (credit: Getty Images | Peter Dazeley) Twitter’s board of directors today approved a poison tablet to prevent a hostile takeover in response to Elon Musk’s offer to buy the firm. “The company} on Friday adopted a so-called poison pill that makes it difficult for him to increase his stake beyond 15 percent, ” The […]
Enlarge (credit: JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) Elon Musk on Wednesday offered to personally acquire Twitter in an all-cash deal valued at $43 billion. Musk laid out the terms of the proposal in a letter to Twitter Chairman Bret Taylor that was reproduced in an SEC filing. Twitter confirmed […]
(credit: Getty Images | eccolo74) Elon Musk is facing a shareholder lawsuit over his failure to reveal his investment in Twitter until 11 days after a deadline set simply by federal law. Musk started buying Twitter stock in January and acquired more than 5 percent of all shares by March 14, the lawsuit said. Under […]
Enlarge (credit: Getty Images | NurPhoto) Elon Musk will not be joining Twitter’s board of directors, dropping out of a deal that would have prohibited him from buying more than 14. 9 percent of the company’s stock. Musk had agreed to join the board after purchasing 9. 2 percent of Twitter’s stock, but Twitter CEO […]