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On April 14, Musk made an unsolicited and non-binding offer to Twitter to purchase the company for $43 billion, or $54.20 per share, and take it private. Though the offer was made to company management, the bid was described as a hostile takeover attempt because of the implied threat to purchase the outstanding stock if management declined.
Twitter planned to raise US$1 billion as the basis for its stock market debut. The initial public offering (IPO) filing states that "200,000,000+ monthly active users" access Twitter and "500,000,000+ tweets per day" are posted.
Musk's purchase of Twitter stock before his announcement to acquire the company involved buying shares at prevailing market prices over a period. The exact amount he paid for each share during ...
Following months of endless twists and turns, the $44 billion Twitter saga has finally come to an end and the "bird is freed," as Elon Musk tweeted on Oct. 27. The New York Stock Exchange has...
Price (USD) Category Background information References 1 July 15, 2008: Summize Social search US: Summize was a search engine founded by Jay Verdy. Using Twitter stock to fund the takeover, Twitter announced in July 2008 it had acquired Summize. Summize had six employees, all of whom joined Twitter except for Verdy.
San Francisco-based Twitter is also named as a defendant in the lawsuit, which seeks class action status as well as compensation for damages. Twitter shareholders sue Musk, say he 'deflated' stock ...
X Corp. X Corp. is an American technology company established by Elon Musk in 2023 as the successor to Twitter, Inc. It is a wholly owned subsidiary of X Holdings Corp., which is itself mostly owned by Musk. The company owns the social networking service X (formerly Twitter), and has announced plans to use it as a base for other offerings.
What Twitter Is Worth. Share Price, 52-Week Range . $31.30-$69.81. 2021 Revenue. $5.077 billion. ... Twitter stock had lost all of the gains it had made following the news of Musk’s 9.2% stake.