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Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy. [1] The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [2]
Musk's acquisition of Twitter was principally responsible for the development of Threads, a social media platform which closely resembles Twitter, by rival company Meta Platforms. Work began on the service in November 2022, and it was released on July 5, 2023, amidst continued backlash to changes to Twitter enacted by Musk and Yaccarino.
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“Musk buying Twitter remains a major head-scratcher,” Wedbush’s Dan Ives wrote on Thursday, adding that he believes the firm’s fair value is $19 billion less than what Musk paid.
Twitter acquired Crashlytics, a crash reporting tool for developers, on January 28, 2013, for over US$100 million, its largest acquisition at the time. [128] Twitter committed to continue supporting and expanding the service. [129] In October 2014, Twitter announced Fabric, a suite of mobile developer tools built around Crashlytics. [130]
Yahoo Finance's Alexis Keenan explains the stipulations the Twitter board has asked of Elon Musk while the acquisition is finalized or another group offers a competing bid, as well as the ...
The list is the public’s first complete look at who co-owns the app since Musk bought the company (called Twitter at the time) and took it private in 2022. It’s not clear how current the list is.
The following tables list the largest mergers and acquisitions by decade of transaction. Transaction values are given in the US dollar value for the year of the merger, adjusted for inflation. As of February 2024 [update] , the largest ever acquisition was the 1999 takeover of Mannesmann by Vodafone Airtouch plc at $183 billion ($345.4 billion ...