WebOct 7, 2024 · Musk said earlier this week he would buy Twitter for $54.20 per share, the price that was agreed in April, but included a condition that the closing of the deal be contingent on debt financing for the transaction coming through. Tesla shares fell more than 6% on Friday, heading for their worst weekly drop since March 2024, as investors worry ... WebThe agreement also stipulated that if Musk failed to close the acquisition, he would be required to pay Twitter a $1 billion breakup fee. ... Musk's offer to take over Twitter was met with both praise and criticism. On April 14, Twitter employees expressed concern with Musk's views on free speech.
A timeline of Elon Musk
WebOct 29, 2024 · July 8: Mr Musk withdraws his bid, which his lawyers say is due to Twitter making "false and misleading representations upon which Mr Musk relied when entering into the merger agreement". Web2 days ago · Hong Kong CNN —. Elon Musk has laid off more than 6,000 people at Twitter since taking over the company, he told the BBC in a rare interview late Tuesday. Musk … how bad is the recession
Elon Musk says he has $46.5 billion to buy Twitter : NPR
WebOct 27, 2024 · Musk's effort to take over Twitter has been filled with turmoil because he has repeatedly changed his mind after signing a deal in April to purchase the company. … WebOct 20, 2024 · Musk had previously attempted to end the agreement without paying a $1 billion break-up fee to walk away, saying he did not believe Twitter's user totals, and … WebOct 28, 2024 · Elon Musk A group of banks, including Morgan Stanley and Bank of America, signed on earlier this year to loan $12.5 billion that Musk needed to buy Twitter and take it private. Solid contracts with Musk bound the banks to the financing, although changes in the economy and debt markets since April have likely made the terms less attractive. how bad is the royal mail backlog