Tag Archives: Deal

Elon Musk is trying to kill his own plan to take over Twitter (TWTR) for $44 billion and mold it to his liking. The deal crumbled on Friday when the Tesla (TSLA) and SpaceX CEO announced via a Securities and Exchange Commission filing that he’s terminating the buyout. So where did the tie-up that Twitter never asked for go wrong? It depends on whom you ask. Musk says he’s walking away because Twitter refused to hand over information about how many bots and spam accounts it has on its… Source link

Elon Musk, meme aficionado and the world’s richest person, issued his first public response to Twitter’s vow that it will haul him into court to enforce the terms of his $44 billion buyout offer for the company. Musk, just after midnight ET Sunday, tweeted a meme showing the celebrity CEO laughing at the latest turn of events. It focuses on the mega-billionaire’s central claim for bailing on the Twitter deal: that, according to Musk, the company has stonewalled on providing evidence to… Source link

Danilo Gallinari is headed to Boston. The Celtics reached a two-year deal, fully-guaranteed deal with Gallinari on Sunday afternoon, according to ESPN’s Adrian Wojnarowski. In total, Gallinari will make more than $17 million next season. Gallinari, who spent last season with the Hawks, was traded to the San Antonio Spurs along with three future first-round draft picks and a pick swap and Jock Landale. The Spurs acquired Gallinari with the plan to waive him, which was finally made official… Source link

Britta Pedersen/Getty Images; Twitter; Rachel Mendelson/Insider Elon Musk’s decision to kill the $44 billion Twitter deal means banks could lose a “nine-figure” payday. Musk’s and Twitter’s financial advisors could pocket up to $192 million if the deal closes. The billionaire faces an uphill battle to call off the deal as he has to prove there’s been a material adverse effect on the transaction. Elon Musk’s ‘will-he-won’t-he’ dance to buy Twitter took a turn on Friday after the billionaire said… Source link

Elon Musk could face paying billions after walking away from the Twitter deal.Angela Weiss/Getty Images Elon Musk may be on the hook for billions after abandoning his Twitter deal, an NYU professor said. Musk walked away from the deal Friday, blaming its failure to disclose the number of fake accounts. Experts told Reuters that Twitter may try to negotiate a lower price with the Tesla CEO. Elon Musk could face paying out billions of dollars after walking away from a deal to buy Twitter, an… Source link

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports. App Annie says global spending across iOS and Google Play is up to $135 billion in 2021, and that figure will likely be higher when its… Source link

By Greg Roumeliotis (Reuters) – Elon Musk, the chief executive officer of Tesla and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor https://twitter.com/btaylor/status/1545526087089696768?s=20&t=7sx_IvK_zZkztdHdh8pwQQ, said on the micro-blogging platform that the board planned to pursue legal action to enforce the merger… Source link

Text size Both advertising-related businesses would remain as part of Alphabet, Google’s parent company, the Journal reported. Photograph by Gabriel Bouys/AFP/Getty Images … Source link

The ongoing saga between Elon Musk and Twitter (TWTR) is getting even more complicated as both sides appear to be digging in for a fight over whether the Tesla (TSLA) CEO goes through with the purchase. On Thursday, Twitter defended its accounting of spam and bot accounts on the platform, which the company says make up less than 5% of daily monetizable active users. That same day, The Washington Post reported that Musk’s team has pulled back on talks regarding funding for the $44 billion… Source link

Free agent center Thomas Bryant has reached an agreement with the Los Angeles Lakers on a one-year deal, league sources told Yahoo Sports. Bryant will be given the opportunity to win the starting center position, sources said. He was courted by the Toronto Raptors, Boston Celtics, Milwaukee Bucks and Utah Jazz, sources said. Bryant returns to Los Angeles where he spent his rookie season with the Lakers after being a second-round pick in the 2017 NBA draft. He was waived in 2018 and signed with… Source link