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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 suit alleges Musk violated federal securities laws, enabling him to purchase shares of Twitter at artificially low prices before his $44 billion takeover of the social media site.
How much did Elon Musk pay to buy Twitter (X)? Musk's purchase of Twitter stock before his announcement to acquire the company involved buying shares at prevailing market prices over a period.
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 ...
“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 ...
Twitter's board has a tough needle to thread amid Elon Musk's huge buyout offer. One wrong step could send shares reeling. Twitter stock could crash 20% if board rejects Elon Musk's offer: analyst ...
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 ...
The Twitter board seems to have changed its mind following Musk's disclosure he had secured $46.5 billion in financing for the bid. The two sides met on Sunday, April 24, just 10 days after Musk ...