Florida pension fund sues Elon Musk and Twitter to stop buyout

Australia News News

Florida pension fund sues Elon Musk and Twitter to stop buyout
Australia Latest News,Australia Headlines
  • 📰 Guardian news
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

The class-action lawsuit argues that the deal cannot close before 2025

with the US Securities and Exchange Commission, Ellison is putting $1bn into the transaction. The Saudi Arabian investor Prince Alwaleed bin Talal, who had initially opposed the buyout, agreed to roll his $1.9bn stake into the deal, according to the filing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Guardian news /  🏆 28. in UK

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bill Gates warns Elon Musk could make misinformation worse with his Twitter acquisitionBill Gates warns Elon Musk could make misinformation worse with his Twitter acquisitionOn Wednesday Microsoft mogul Bill Gates was asked about Elon Musk's potential impact on Twitter following his $44 billion acquisition of the social media platform last month.
Read more »

Elon Musk raises $7 billion to fund Twitter takeoverElon Musk raises $7 billion to fund Twitter takeoverElon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter, winning the backing of some of the world’s largest investors.
Read more »

Stony-faced Elon Musk pictured leaving Dave Chappelle gig after attackStony-faced Elon Musk pictured leaving Dave Chappelle gig after attackElon Musk was spotted looking downcast as he left Dave Chappelle’s gig after the comedian was attacked on stage.
Read more »

Bill Gates on Elon Musk feud and Jeffrey Epstein meetingsBill Gates on Elon Musk feud and Jeffrey Epstein meetingsThe Microsoft tycoon talks to the BBC about divorce, conspiracy theories and Elon Musk.
Read more »

Elon Musk’s Twitter backers suggest a big fight could be comingElon Musk’s Twitter backers suggest a big fight could be comingThe billionaire is receiving backing from Qatar and Saudi Arabia, which have been criticised for clampdowns on free expression
Read more »



Render Time: 2025-03-19 04:52:15