CALIFORNIA (Reuters): Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter with a $43 billion cash takeover offer.
After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board and put the offer directly to its shareholders, tweeting: “It would be utterly indefensible not to put this offer to a shareholder vote”.
Over the weekend Musk, already the San Francisco-based company’s second-largest shareholder after amassing a 9.1% stake in the social media firm, tweeted Twitter board’s “economic interests are simply not aligned with shareholders”.
Twitter on Friday adopted a “poison pill” to limit Musk’s ability to raise his stake in the company.
Thoma Bravo, a technology-focused private equity firm that had more than $103 billion in assets under management as of the end of December, informed Twitter that it was exploring the possibility of putting together a bid, people familiar with the matter told Reuters on Friday.
BANSKA BYSTRICA, Slovakia (Reuters): The condition of Slovak Prime Minister Robert Fico has stabilized but…
PORT SUDAN (AFP): Sudan’s paramilitary Rapid Support Forces have announced their willingness to open “safe…
MAIS AL JABAL (AFP): For displaced south Lebanese villagers, funerals for those killed in months…
NEW YORK (AP): One political party is holding urgent news conferences and congressional hearings over…
GAZA (AFP): Heavy clashes and bombardment Saturday rocked Gaza's southern city of Rafah, witnesses said,…
VIENNA (AFP): Austria said Saturday it will restore its funding to the UN agency for…
This website uses cookies.