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The month of the acquisition, Twitter changed both its page for real-time searches and its search API to use Summize's product. [2] Wired said, "Summize is a natural fit for Twitter and should help the service be a little more approachable." [2] 2 November 24, 2008: Values of n Social software development
However, under a 45-day "go shop" clause, a later bid by BlackRock was announced on 11 June 2009 for the whole of the parent division Barclays Global Investors including iShares, in a mixed cash-stock deal worth around US$13.5 billion (37.8 million shares of common stock and US$6.6 billion in cash).
(Reuters) -Banks led by Morgan Stanley have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in ...
Twitter's stock sank by 7 percent after the news, dropping by a further 11 percent the next day. [107] On July 10, Twitter hired the law firm Wachtell, Lipton, Rosen & Katz to represent its case, including "key lawyers" William Savitt and Leo Strine, [108] along with Potter Anderson & Corroon, Ballard Spahr, Kobre & Kim, and Wilson Sonsini ...
The Twitter cofounder previously backed the Tesla CEO in his takeover of the company but walked back his support earlier this year, telling a member on rival social media platform Bluesky, "It all ...
In a complaint filed in Washington, D.C. federal court, the SEC said Musk violated federal securities law by waiting 11 days too long to disclose his initial purchase of 5% of Twitter's common shares.
Elon Musk completed his acquisition of Twitter in October 2022; Musk acted as CEO of Twitter until June 2023 when he was succeeded by Linda Yaccarino.In a move that, despite Yaccarino's accession, was widely attributed to Musk, [1] [2] Twitter was rebranded to X on July 23, 2023, [3] and its domain name changed from twitter.com to x.com on May 17, 2024.
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