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The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake.
The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
On September 13, 2022, Twitter shareholders voted to approve Elon Musk's takeover of the company. [ 69 ] On October 4, 2022, it was reported that Musk offered to proceed with the deal at the original offer price of $54.20 per share.
That’s a 78.7% drop. Buying Twitter was a $46.5 billion deal: $44 billion went to shareholders and about $2.5 billion went to expenses. Musk and his coinvestors put about $33 billion into the ...
Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. ... Musk eventually bought all of Twitter shares in a $44 billion purchase ...
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
Billionaire Elon Musk appears to have revealed that the Securities and Exchange Commission issued him a "settlement demand," sharing the news in a post on his social media platform, X. Musk on ...
By January 2022, Musk started buying shares of Twitter. Two months later, he posed a question to his followers: "Free speech is essential to a functioning democracy.