Elon Musk is putting his $44 billion takeover of Twitter “temporarily on hold” after the company claimed that less than 5% of its users are spam or fake accounts. The Tesla chief tweeted on Friday that the deal was being frozen while he waited for details backing up Twitter’s claim: “Twitter deal temporarily on hold … Read more
Twitter has agreed to Tesla CEO Elon Musk’s offer to buy the company for $44 billion, Twitter announced today. Bloomberg was first to report early Monday morning that a deal between the two parties was imminent. Two weeks ago, Elon Musk offered to buy Twitter for $54.20 per share. Twitter and Musk, following weeks of … Read more
Elon Musk, founder and CEO of Tesla, has offered to purchase all of Twitter for $54.20 per share, valuing the company at $43 billion, in a letter to the social media company’s chairman of the board, Bret Taylor. In a letter filed with the SEC, Musk says that following his purchase of 9.1% of the … Read more