Elon Musk

Musk bails on Twitter takeover; social media app to take billionaire to court

The world’s richest man Elon Musk is pulling out of the US$43 billion deal to buy social media platform Twitter. Musk made a filing with the Securities and Exchange Commission on Friday 08/07, informing the regulator that he is terminating the deal, arguing that Twitter had provided “false and misleading” statements that were in “material […]

Twitter succumbs to Elon Musk’s US$43 billion takeover offer

Twitter has confirmed that it has agreed to billionaire Tesla owner Elon Musk’s US$43 billion offer for the social media site. Musk, a prolific user of the platform who last weekend posted a tweet fat-shaming Microsoft founder Bill Gates, earlier this month made an unsolicited offer to outright purchase the platform after it had been […]

Elon Musk makes US$43bn bid for Twitter

Elon Musk has made an unsolicited bid to buy Twitter for approximately US$43 billion. The Tesla founder and world’s richest person is offering US$54.20 a share, representing a 54% premium on the January 28 closing price of Twitter’s stock, just before he began investing in it, and a 38% premium on the April 1 price, […]