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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.
On September 13, 2022, Twitter shareholders voted to approve Elon Musk's takeover of the company. [ 68 ] 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.
[159] [160] However, on April 13, Musk made a $43 billion offer to buy Twitter, launching a takeover bid to buy 100% of Twitter's stock at $54.20 per share. [ 156 ] [ 161 ] In response, Twitter's board adopted a "poison pill" shareholder rights plan to make it more expensive for any single investor to own more than 15% of the company without ...
The Securities and Exchange Commission sued Elon Musk in federal court on Tuesday for allegedly misleading shareholders when he bought hundreds of millions of dollars worth of Twitter stock in ...
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.
Musk on Monday abruptly changed course by again agreeing to buy Twitter for $44 billion, the same price he offered in April. Elon Musk and Twitter came close to a deal at $50 per share. Here's why ...
Elon Reeve Musk (/ ˈ iː l ɒ n / EE-lon; born June 28, 1971) is a businessman known for his key roles in Tesla, Inc., SpaceX, and Twitter (which he rebranded as X).Since 2025, he has been a senior advisor to United States president Donald Trump and de facto head of the Department of Government Efficiency (DOGE).
“In total, Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period,” the complaint reads “Investors who sold Twitter common ...