Tag Archives: Musks

Elon Musk and Gwynne Shotwell.Angela Weiss, Amanda Edwards via Getty Images SpaceX President and COO Gwynne Shotwell defended Elon Musk following sexual misconduct claims. The top female executive said she didn’t believe the allegations against Musk, which Insider first reported. In a companywide email obtained by CNBC, Shotwell said she would “never” comment on legal matters. SpaceX President and COO Gwynne Shotwell defended founder Elon Musk in an employee email last week following Insider’s… Source link

(Bloomberg) — Twitter Inc. executives told employees on Thursday that the $44 billion deal to sell the company to billionaire Elon Musk is moving forward as planned, and that they won’t renegotiate the agreed-upon price of $54.20 per share. Most Read from Bloomberg Vijaya Gadde, Twitter’s top lawyer and head of policy, also told workers at an all-hands meeting that there is “no such thing as a deal being on hold,” according to people who attended the meeting. She was pushing back on… Source link

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

BARCELONA, Spain — While visiting Germany last month, the world’s richest man, Elon Musk, proffered unsolicited advice to European leaders. “Spain should build a massive solar array,” he tweeted on Apr. 4. “Could power all of Europe.” Spain’s Prime Minister Pedro Sánchez promptly responded. “We’re already implementing most ambitious plan towards efficient & sustainable energy system,” he tweeted at Musk. “Come and see. We welcome investors in Spain.” While prompting 66,000… Source link

By Jonathan Stempel (Reuters) – Elon Musk and Twitter Inc were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension Fund said Delaware law forbade a quick merger because Musk had agreements with other big Twitter shareholders, including his financial adviser Morgan Stanley and Twitter founder Jack Dorsey, to support… Source link

Jack Dorsey and Elon MuskMARCO BELLO/AFP/Picture Alliance/Getty Images Twitter cofounder and former CEO Jack Dorsey “whispered” in Elon Musk’s ear that the social-media platform ought to be a private company, and other billionaire contacts pushed Musk to pursue the takeover deal he ultimately made, the Wall Street Journal reported Friday. Dorsey, who stepped down as Twitter CEO in November, has publicly and heartily supported Musk’s purchase, saying that he is a “singular solution” to leading… Source link

The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Elon Musk‘s private takeover of Twitter may boost ad revenue for YouTube, Snap, Facebook parent Meta and TikTok, analysts from several Wall Street firms said in recent notes to investors. Twitter, which announced it accepted Musk’s bid on Monday, has heavily relied on ad sales, which accounted for $1.41 billion, the lion’s share of its revenue, in the most… Source link

If you have the paper, flaunt it like Tesla (TSLA) CEO Elon Musk. That could be what other billionaires are about to do as they seek to drive headline-grabbing change at well-known public companies as Musk did with Twitter. “It’s the beginning of a wave,” Lawrence Elbaum, co-head of Vinson & Elkins’ Shareholder Activism practice, said on Yahoo Finance Live (video above). “It’s not the first time this has happened. There’s lots of billionaires who have bid for companies in the past. There’s… Source link

Yichuan Cao/NurPhoto via Getty Images Twitter officials are expected to meet Sunday to re-examine Musk’s offer to buy the company, WSJ reported. The company last week filed a shareholder rights plan or “poison pill” to prevent a hostile takeover by Musk. The Tesla CEO confirmed $46.5 billion in financing from banks and other entities in a regulatory filing earlier this week. Twitter is reportedly reconsidering Elon Musk’s bid to purchase the social platform, The Wall Street Journal… Source link

Twitter may be warming up to the idea of selling itself to . According to , the company is re-examining Musk’s takeover bid after the billionaire he had the financial backing to get the deal done. When Musk first announced he was ready to pay to buy the social media giant, noting at the time it was his “best and final offer,” Twitter was widely expected to reject the proposal. The company even went so far as to adopt a so-called “” strategy to ward off a hostile takeover… Source link