Tag Archives: takeover

[unable to retrieve full-text content]Italy’s Meloni vetoes Russian-linked takeover of tech company  Reuters Source link

[unable to retrieve full-text content]Italy’s Meloni vetoes takeover deal involving Russia tech giant Yandex  KFGO Source link

[unable to retrieve full-text content]Italy’s Meloni vetoes takeover deal involving Russia tech giant Yandex  Yahoo Finance Source link

[unable to retrieve full-text content]Italy’s Meloni vetoes takeover deal involving Russia tech giant Yandex  Nasdaq Source link

Twitter owner Elon Musk and the platform’s cofounder Jack Dorsey.Jim Watson/AFP via Getty Images Jack Dorsey said Twitter was defenseless against Elon Musk’s acquisition, per a data scientist. Emily Gorcenski said she exchanged messages with Twitter cofounder about Musk’s involvement. Dorsey said Twitter “should have never gone public” and that anyone could buy it, per Gorcenski. Jack Dorsey said Twitter had no defenses against Elon Musk acquiring the company in October, according to a data… Source link

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… 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

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

Elon Musk says he is a free-speech absolutist.Jae C. Hong/AP Elon Musk, who has a 9.2% stake in Twitter, is no longer its largest shareholder. Vanguard Group said its funds now own a 10.3% stake, according to a recent SEC filing. Musk said on Thursday he’s “not sure” if his $43 billion takeover bid for Twitter will be successful. Elon Musk has lost his position as Twitter’s largest shareholder as he attempts to buy the company in a $43 billion deal. The Tesla and SpaceX boss said in early April… Source link

LONDON, March 7 (Reuters Breakingviews) – Russia is turning in on itself. Sanctions have hammered Moscow-linked stocks and in New York shares in search engine Yandex (YNDX.O), , until two weeks ago the darling of the Russian technology scene, have been suspended. The trading hiatus may activate a bond repayment it can’t afford. Even if it cuts a deal with creditors, Yandex’s future looks Kremlin-controlled. The Securities and Exchange Commission suspended trading in shares of Yandex and… Source link