Elon Musk

Elon Musk
Twitter

Elon Musk Sows Doubt Over His $44 Billion Twitter Takeover

(Bloomberg) — Elon Musk caused chaos over his takeover bid for Twitter Inc, first claiming his bid was was “temporarily on hold,” then maintained he is “still committed” to the deal, sending the social media giant into a tailspin. The billionaire initially sent an early tweet saying the $44 billion deal is pending until he […]

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Elon Musk
SEC
Twitter

Scrutiny of Elon Musk’s Twitter Moves Intensifies in Washington

(Bloomberg) — Elon Musk’s bid to buy Twitter Inc. is facing more scrutiny in Washington following a report that the US Securities and Exchange Commission is probing whether he broke rules last month when disclosing a large stake in the social media platform. The Wall Street Journal reported on Wednesday that the SEC is investigating […]

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Cathie Wood
Elon Musk
Passive Investing

Elon Musk and Cathie Wood Say Passive Investing Has Gone Too Far

(Bloomberg) — Elon Musk and Cathie Wood criticized passive investing in a Twitter thread, weighing in on a controversial and unresolved debate. Their discussion was sparked by venture capitalist Marc Andreessen, who said firms like BlackRock Inc. have outsized voices in many corporations because of the voting power of their stable of passive index trackers. […]

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Elon Musk
Twitter

Musk’s $8.5 Billion Tesla Stock Sales Make Math Behind Twitter Deal More Tricky

(Bloomberg) — Elon Musk’s sale of more than $8.5 billion of Tesla Inc. shares has made the math behind his $44 billion deal to buy Twitter Inc. a bit more tricky. To acquire the social-media company, Musk has lined up $13 billion in bank financing, $12.5 billion in margin loans backed by Tesla shares and […]

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Elon Musk
Tesla
Twitter

Elon Musk Offloads $4 Billion of Tesla Shares, Pledges No More Sales

(Bloomberg) — Elon Musk sold about $4 billion worth of Tesla Inc. shares after announcing a blockbuster $44 billion deal to buy Twitter Inc. Tesla’s chief executive officer offloaded about 4.4 million shares on April 26 and April 27, filings showed late Thursday. Wall Street analysts and investors in the electric carmaker suspected that Musk […]

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Elon Musk
Twitter

Twitter, Musk Deal Includes $1 Billion Termination Agreement

(Bloomberg) — Twitter Inc. will be required to pay a termination fee of $1 billion under certain circumstances if it ends an agreement to be acquired by Elon Musk for $44 billion, according to a filing on Tuesday. Musk will also be subjected to the same fee if he ends the deal. The fee would […]

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Elon Musk
Twitter

Musk to Judge in Go-Private Tweet Fraud Fight: Don’t Muzzle Me

(Bloomberg) — Tesla Inc. chief executive officer Elon Musk told a judge he shouldn’t be prohibited from talking about his fight with the U.S. Securities and Exchange Commission, as shareholders suing him have requested. It’s the latest volley in a lawsuit in which shareholders claim Musk’s 2018 tweet about taking the company private manipulated its […]

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Elon Musk
Twitter

Musk Go-Private Tweet Ruled False by Judge, Tesla Investors Say

(Bloomberg) — Tesla Inc. shareholders suing over Elon Musk’s 2018 tweet about taking the company private say they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake. The investors said a federal judge agreed with them that “no reasonable jury could find Musk’s tweets on […]

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Elon Musk
Twitter

Twitter Is Weighing a Poison Pill Defense to Thwart Elon Musk’s Takeover Bid

(Bloomberg) — Twitter Inc.’s board is considering adopting a measure that would protect the company from hostile acquisition bids, according to people with knowledge of the matter, following billionaire Elon Musk’s unwelcome offer to take the company private. One of the options under consideration is adopting a poison pill, known as a shareholder rights plan, […]

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Elon Musk
Twitter

Elon Musk Needs ‘Massive Loan’ or Big Tesla Stock Sale to Buy Twitter

(Bloomberg) — Even for the world’s richest person, $43 billion is a steep price. Elon Musk’s proposed all-cash offer to buy Twitter Inc. represents about one-sixth of his $259.3 billion fortune. Yet the vast majority of that wealth is tied to his stake in Tesla Inc., the electric carmaker he co-founded that has surged in […]

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Elon Musk
Twitter

Elon Musk Launches $43 Billion Hostile Takeover of Twitter

(Bloomberg) — Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it. The world’s richest man will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a value of about $43 billion. The […]

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