marcbainrasella
Elon Musk has made an offer to buy Twitter for $41.39 billion. The billionaire Tesla and SpaceX CEO revealed in a regulatory filing that he launched a takeover bid of Twitter just days after he bought a 9.2 per cent stake in the social media platform. Musk was subsequently offered a seat on the company’s board but refused to take up the position, instead making his offer to buy the entire company, something he could not have done once a board member. In a US Securities and Exchange Commission (SEC) filing on Wednesday (13.04.22), Musk revealed he offered to buy all Twitter’s shares for $54.20 ...
BANG Showbiz English
Elon Musk has made an offer to buy Twitter for $41.39 billion. The billionaire Tesla and SpaceX CEO revealed in a regulatory filing that he launched a takeover bid of Twitter just days after he bought a 9.2 per cent stake in the social media platform. Musk was subsequently offered a seat on the company’s board but refused to take up the position, instead making his offer to buy the entire company, something he could not have done once a board member. In a US Securities and Exchange Commission (SEC) filing on Wednesday (13.04.22), Musk revealed he offered to buy all Twitter’s shares for $54.20 ...
BANG Showbiz English
Elon Musk is being sued by a Twitter shareholder for allegedly delaying disclosing his stake in the app in a bid to buy more for less. The Tesla and SpaceX CEO was recently revealed to have a 9.2% share in Twitter, worth $2.6 billion. According to filings, Musk purchased around 620,000 shares at $36.83 a pop on 31 January and continued to buy them up until 1 April. Now, a complaint has been filed in New York federal court by his fellow shareholder, Marc Bain Rasella, who has accused the multi-billionaire of violating a regulatory deadline. It adds how Musk gave “materially false and misleading...
BANG Showbiz English
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