Elon Musk.Andrew Kelly/Reuters Twitter said on Tuesday it plans to complete its $44 billion merger agreement with Elon Musk. This is despite Musk’s apparent hesitation in recent days to go ahead with negotiations. Both parties had agreed to rules that ensure the deal closes, including a clause that forces a completion. Twitter said it plans to complete its $44 billion merger agreement with Elon Musk, even as the Tesla CEO appears to dither on the deal. “Twitter is committed to completing the… Source link
Read More »If Elon Musk scraps Twitter deal, here’s what may happen to the stock
Twitter investors should brace for an all-out crash in the stock price if Tesla CEO Elon Musk abandons his bid for the social media platform, warns one veteran tech analyst. “In the absence of a bid, we would not be surprised to see the stock find a floor at $22.50,” said Jefferies analyst Brent Thill said Tuesday in a new note to clients. Such a price would be about 40% lower than Twitter’s current trading level. Musk’s outstanding deal for Twitter is for $54.20 a share. The path is being cut… Source link
Read More »Elon Musk is using a ‘dog ate the homework’ excuse to potentially back out of buying Twitter and there is now a less than 50% chance the deal gets done, Wedbush says
Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk’s excuse about Twitter bots is a way to back out of the deal, Wedbush said. Musk agreed to buy Twitter for $44 billion but could be feeling pressure amid falling Tesla stock. “We view the $44 billion Twitter deal as having less than a 50% [chance] to get done,” Wedbush said. There is now a less than 50% chance that Elon Musk will acquire Twitter for $44 billion, a Monday note from Dan Ives, a Wedbush analyst, said. Musk, who plans to put up a… Source link
Read More »Google I/O wraps, a new ARCore API, Twitter deal drama – TechCrunch
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. Global spending across iOS, Google Play and third-party Android app stores in China grew 19% in 2021 to reach $170 billion. Downloads of apps… Source link
Read More »Tom Brady-Fox deal begs questions on big-money network broadcasts
The NFL’s highest-priced pickups this offseason weren’t all laser-armed quarterbacks, explosive edge rushers or dynamic receivers. Some of the sport’s signature voices have landed more lucrative television contracts than all but the NFL’s most well-paid players. With newcomer Amazon needing to make a splash after acquiring the rights to “Thursday Night Football” and ESPN eager to add badly needed star power to its Monday night booth, two deep-pocketed suitors accelerated the… Source link
Read More »Fox deal signals this is the end for Tom Brady
Tom Brady is likely heading into his last season. When the 2022 NFL schedule is announced, act accordingly and consider it a farewell tour. We know, you’ve heard that before. For years, any slip or struggle would translate into some proclamation that this was finally it … only to have Brady turn it all around when it mattered most, either by winning a Super Bowl or showcasing a level of play that recalled some of the very best years in his long career. The epitome of that circle happened… Source link
Read More »Yandex signs deal with VK to sell its media products
In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link
Read More »Yandex signs deal with VK to sell its media products, News and Zen – TechCrunch
In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia,’ has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial… Source link
Read More »Elon Musk Lands Deal to Take Twitter Private for $44 Billion
(Bloomberg) — Billionaire entrepreneur Elon Musk agreed to buy Twitter Inc. for $44 billion, using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Most Read from Bloomberg Investors will receive $54.20 for each Twitter share they own, the company said in a statement Monday. The price is 38% more than the stock’s close on April 1, the… Source link
Read More »Musk Nears $43 Billion Deal for Twitter as Soon as Monday
(Bloomberg) — Twitter Inc. is in the final stretch of negotiations about a $43 billion sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said, placing an influential blogging platform under control of the world’s richest person. Most Read from Bloomberg An agreement would cap a monthslong saga that saw Musk amass a stake of about 9%, launch a fusillade of criticism at Twitter’s management, turn down a… Source link
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