WebApr 25, 2024 · Twitter on Monday announced it has accepted billionaire Elon Musk's bid to takeover the social media company for $44 billion. Elon Musk will soon hold the keys to … WebOct 28, 2024 · WHY DID MUSK BUY TWITTER? One reason why Musk bought Twitter this week is because he had little choice. The world’s richest man spent months trying to back out of the $44 billion purchase agreement he originally signed in April. But the uncertainty was so disruptive to Twitter’s business that it sued him in the Delaware Court of …
Why did Elon Musk just spend billions to take over Twitter?
Musk, 51, is the world's richest person with a net worth of $222 billion, according to Forbes, but a large portion of his fortune is tied to his stakes in Tesla and Space X. According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November … See more Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley (MS.N) and Bank of America … See more It was not immediately clear how Musk covered a gap of about $3 billion in financing. Wedbush analyst Daniel Ives said it could be outside capital as no Form 4s were filed this week and it could likely be an investor … See more WebNov 18, 2024 · Musk subsequently makes an offer to buy Twitter for $54.20 a share, or about $44 billion — a price well above the company's … sinaloa dishes
Twitter to let users access stocks, crypto via eToro in finance push …
WebOct 29, 2024 · 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. … WebApr 26, 2024 · The saga of Musk’s Twitter ownership kicked off April 4 when Musk surprised investors by disclosing he had taken a more than 9 percent stake in Twitter. Twitter responded by offering Musk a ... Web1 day ago · Elon Musk told a Morgan Stanley conference last month he wants Twitter to become “the biggest financial institution in the world.”. Twitter will let its users access stocks, cryptocurrencies ... sinaloa crow