Twitter and Elon Musk are said to be close to clinching a sale of the social media giant to Elon Musk after the Tesla CEO came through with finanancing late last week. According to media reports, I…
and Elon Musk are said to be close to clinching a sale of the social media giant to Elon Musk after the Tesla CEO came through with finanancing late last week.
Musk made his $54.20-a-share cash offer to Twitter on April 13 after amassing a stake of 9.1% of the company and first toying with then scrapping the idea of joining its board. In response, Twitter said it was considering the offer but quickly adopted a poison pill, or shareholders rights plan, that would make a hostile takeover more difficult.then announced he’d assembled financial commitments worth $46.
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