Elon Musk has revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal.
Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal. The news comes as Twitter has been roiled by market turbulence and Musk's not-entirely-explicable concerns about the number of fake accounts on Twitter.
Wednesday was also Dorsey's last day as a member of Twitter's board, a date established when he resigned as CEO last November. Wedbush Securities analyst Dan Ives said the persistent gap between Musk's offer price and Twitter's stock price indicates that most investors still believe the billionaire will walk away from the deal unless the company agrees to a lower price. Twitter's board has so far insisted it won't do that.
Earlier at the shareholder meeting, CEO Parag Agrawal stated up front that that executives wouldn't be answering any questions surrounding the Musk bid. Even a question from a stockholder asking what will happen to his shares if someone buys Twitter and takes it private was shot down. .Musk did not join the meeting, although he could have, being one of Twitter's largest shareholders.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Twitter is working toward 'closing the transaction process' with Elon Musk | EngadgetTwitter’s annual shareholder meeting did little to resolve the uncertainty surrounding Elon Musk’s impending acquisition of the company..
Les mer »
Breakingviews - Snap! Elon Musk has another Twitter excuseSnap could be Twitter’s raven. The disappearing-message app abruptly slashed its second-quarter forecasts, sending its shares spiraling some 40%. That’s an ominous sign for Twitter. Elon Musk has an additional reason to bail on buying the social media network.
Les mer »
Elon Musk ups cash portion of Twitter deal, shares jumpTesla Chief Executive Elon Musk increased the amount of cash he was willing to commit to buying Twitter and said he was still looking for more outside investors to help him with the deal, according to a financial filing Wednesday.
Les mer »
Elon Musk Ditches Tesla-Backed Loans As Part of His Twitter TakeoverElon Musk will no longer use loans backed by Tesla stock as part of his Twitter takeover, instead adding $6.25 billion of personal funding toward the $44 billion deal, according to a new filing with the SEC.
Les mer »
Twitter holds annual shareholder meeting amid uncertainty with Elon Musk dealTwitter on Wednesday held what could be its last annual shareholder meeting as a public company for a long time after Elon Musk agreed to take it private in a $44 billion deal
Les mer »
Elon Musk Drops Margin Loan From Twitter Bid, Making It A Little Less RiskyThe billionaire won't face the pressure of a margin call. But the move does raise questions about how he'll replace the funding amid a broad market downturn.
Les mer »