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Twitter advisors Goldman Sachs and JPMorgan Chase approved of the deal, deeming it fair from a financial perspective. [6] Twitter's board publicly and unanimously accepted the buyout offer for $44 billion, and Twitter was to become a private company once the transaction was completed sometime in 2022.
The Twitter board seems to have changed its mind following Musk's disclosure he had secured $46.5 billion in financing for the bid. The two sides met on Sunday, April 24, just 10 days after Musk ...
The SEC alleged that Musk violated federal securities laws when he amassed more than $500 million in shares of Twitter -- later renamed X -- without properly disclosing his stake in the company ...
On April 25, 2022, Twitter agreed to a $44 billion buyout by Elon Musk, CEO of SpaceX and Tesla, one of the biggest deals to turn a company private. [11] [12] On July 8, Musk terminated the deal. [13] Twitter's shares fell, [14] leading company officials to sue Musk in Delaware's Court of Chancery on July 12. [15]
Renaming Tweetie to Twitter for iPhone, Twitter made the client free after acquiring Atebits. Fast Company called Tweetie "one of the best (if not the best) mobile Twitter app". [13] [16] 5 April 23, 2010: Cloudhopper Mobile messaging Cloudhopper was a Seattle-based mobile messaging startup founded by Joe Lauer in 2008. [17]
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On July 23, 2023, Musk announced X's launch, which would replace Twitter, which started when the X.com domain (formerly associated with PayPal) began redirecting to Twitter; [3] the logo was changed from the bird to the X the next day, [37] and the platform's official main and associated accounts also began using the letter X within their handles. [38]
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