twitter deal elon musk

Elon Musk says Twitter to soon enable organizations to identify their associated accounts

14Nov

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Technology

Elon Musk says Twitter to soon enable organizations to identify their associated accounts

[ad_1] Twitter's billionaire owner Elon Musk said that Twitter will soon enable organizations to identify twitter accounts associated with them. Twitter's billionaire owner Elon Musk on Sunday said that Twitter will soon enable organizations to identify twitter accounts associated with them as the new Twitter owner continues to find ways to limit fake accounts on the platform."Rolling out soon," Musk in a tweet on Sunday said. "Twitter will enable organizations to identify which other Twitter accounts are actually associated with them." He did not elaborate. The social media platform paused its recently announced $8 blue check subscription service on Friday as fake accounts mushroomed, and new owner Elon Musk brought back the "official" badge to some users of the social media platform...

Elon Musk Investigated by US Authorities Over Twitter Deal, Says Company

14Oct

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Technology

Elon Musk Investigated by US Authorities Over Twitter Deal, Says Company

[ad_1] Twitter Inc.’s lawyers asked a Delaware court for access to correspondence between Elon Musk and feds. Twitter Inc.'s lawyers asked a Delaware court for access to correspondence between Elon Musk and federal authorities investigating him in connection with his attempt to take the social media company private. “Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter,” attorneys for Potter Anderson Corroon LLP wrote in a filing dated Oct. 6 and unsealed Thursday. “Through counsel, he has exchanged substantive correspondence with those authorities concerning their investigations,” they said. “Twitter wants those documents, because they bear upon key issues in this litigation.” The US Securities and Exch...

Einhorn Says Twitter Is The Biggest Long Bet He’s Made This Year

12Oct

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Technology

Einhorn Says Twitter Is The Biggest Long Bet He’s Made This Year

[ad_1] David Einhorn said Elon Musk will go through with Twitter deal. David Einhorn, the founder of Greenlight Capital who was among hedge fund managers wagering on Twitter Inc., said he believes that Elon Musk will go through with his deal to buy the social media company this year. “It's pretty much the only sizable long investment we've made the entire year because we've been very cautious with the bear market,” he said Tuesday in a Bloomberg Television interview on Tuesday. “Investing in something like Twitter, which I think will resolve this year, is good because I should get the cash out to redeploy into the next thing.” Einhorn said earlier this year that the laws tied to mergers and acquisitions are clear, and that the Delaware Chancery Court would uphold a deal. Though M...

Market Sees 60% Chance Elon Musk’s Twitter Deal Makes Oct. 28 Deadline, Cowen Says

11Oct

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Technology

Market Sees 60% Chance Elon Musk’s Twitter Deal Makes Oct. 28 Deadline, Cowen Says

[ad_1] Market is pricing in just a bit more than the odds of a coin toss that Elon Musk’s Twitter deal will close by Oct. 28. The market is pricing in just a bit more than the odds of a coin toss that Elon Musk's deal with Twitter Inc. will close by Oct. 28, a court-issued deadline. That's the calculation from Aaron Glick, a merger arbitrage strategist at Cowen Inc.“Based on my informal survey last week, arbitrage traders tend to think Twitter's price holds up well if we are going back to court,” Glick said. “The average guess of where Twitter trades if the deal is not consummated came out to around $45.” With Twitter shares trading Monday at around $50.50, that near-term downside assumption puts the deal's October closing probability at roughly 60%, he said, which is up from less tha...

Twitter Trial Against Elon Musk Is Halted to Allow Deal to Close

7Oct

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Twitter Trial Against Elon Musk Is Halted to Allow Deal to Close

[ad_1] A judge halted a court case against Elon Musk over his $44 bn purchase of Twitter. A Delaware judge halted a court case against Elon Musk over his $44 billion purchase of Twitter Inc., giving the parties more time to complete the deal.Delaware Chancery Judge Kathaleen St. J. McCormick said if the transaction isn't done by 5 p.m. on Oct. 28, she will set new trial dates in November, according to an order issued Thursday. The ruling hands a partial victory to Musk, who earlier in the day had asked the judge to pause Twitter's lawsuit against him ahead of an Oct. 17 trial date. But it also gives Musk a deadline by which he needs to make good on his April agreement to pay $54.20 a share -- an obligation he previously tried to abandon. Shares in San Francisco-based Twitter rose as m...

6Oct

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Technology

Twitter Too Pricey For Elon Musk?

[ad_1] Musk’s representatives and Twitter held talks in the past few weeks about a buyout for less than the $54.20 a share. Elon Musk's proposal to revive his $44 billion offer for Twitter Inc. followed earlier discussions about cutting the price that failed to yield an agreement, according to people familiar with the matter. Musk's representatives and Twitter held talks in the past few weeks about a buyout for less than the $54.20 a share, which didn't go anywhere, said the people, who asked not to be identified because the talks were private. The Wall Street Journal and the New York Times earlier reported the discussions, with the Times saying Musk had sought a 30% reduction in the price. A representative for Twitter declined to comment. A spokesman for Musk's legal team did...