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In the months leading up to his announcement about acquiring Twitter, Musk embarked on a buying spree of Twitter’s stock. According to the SEC, he did not report that he had done so. U.S ...
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.
[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 ...
Twitter paid for the acquisition using roughly $5 million of stock, and Mixer Lab employees were invited to become Twitter employees. [10] [11] [12] 4 April 9, 2010: Atebits Tweetie US: Mobile Twitter app (iOS) Atebits was a company that made Tweetie, a Twitter client that supported the iOS and macOS platforms. [13]
The U.S. Securities and Exchange Commission (SEC) this week filed a suit against X, formerly Twitter, owner Elon Musk over Twitter stock purchases he made in 2022. Musk didn’t disclose in a ...
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