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Keyword: twittertwitter

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  • Twitter accepts buyout, giving Elon Musk total control of the company

    04/25/2022 12:02:37 PM PDT · by NoLibZone · 110 replies
    The Verge ^ | April 25, 2022 | Emma Roth and Russell Brandom
    Twitter has accepted Elon Musk’s offer to purchase the company for $45.5 billion, finishing days of contentious discussions between Musk and the company’s board. In an SEC filing on Friday, Musk laid his plan for funding the deal, which includes $25 billion in loans and $22 billion in personal equity. Analysts believe the loans could cost Twitter as much as $1 billion a year in service costs, or roughly 20 percent of the company’s annual revenue. Shortly after Musk announced the buyout plan, Twitter’s board instituted a “poison pill” measure, suggesting it intended to resist Musk’s buyout. It’s unclear what...
  • Elon Musk NOT joining Twitter board

    04/10/2022 8:30:03 PM PDT · by janetjanet998 · 53 replies
    Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here.