buyout

Twitter has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk's purchase of the social media company last year, according to two people familiar with the matter.Twitter paid about $300 million (roughly Rs. 2,500 crore) to a group of banks last week, one of the sources said, confirming an earlier Bloomberg story.The financing was led by Morgan Stanley, Bank of America, and Barclays .The banks declined to comment, while Twitter and Musk did not immediately respond to Reuters…

Twitter Inc. made its first interest payment on the $12.5 billion in debt that Elon Musk used to take the social media giant private last year.The company paid a group of seven banks, led by Morgan Stanley, which became stuck with the debt after they were unable to sell it to outside investors. Representatives for Morgan Stanley and Musk did not immediately respond to requests for comment.The first coupon was expected to cost Twitter roughly $300 million, according to Bloomberg calculations and market participants not…

As the auto industry moves to fully electric vehicles, big oil companies are looking to keep their share of the wealth. In the latest news, oil giant Shell is buying out EV charging and media company Volta. Big oil goes after EV charging With an increasing number of automakers and nations committing to fully electric vehicles and the auto industry’s future becoming clearer, oil companies are doing their part to ensure they remain relevant throughout the transition. Electric vehicles…

Microsoft CEO Satya Nadella has spoken up to defend his company's blockbuster proposed acquisition of Activision Blizzard, saying it will help generate even more competition in the gaming space, not lessen it.Speaking at the World Economic Forum in Switzerland, Nadella said Microsoft is trying to buy Activision Blizzard to compete better against bigger players in the market like Sony and Tencent. You need a javascript enabled browser to watch videos.Size:640 × 360480 × 270…

Attorneys of investors mock Elon Musk, the electric vehicle maker’s CEO! Read more tech news Good Morning Tech fam, here are some quick tech updates for you to catch on to! What’s New Today: Meta Is Changing Its Advertising Policy on Facebook and Instagram, Limiting the Amount of Data Advertisers Can Use to Target Teenagers. Fast-Track Insights: The Crypto Blame Game Casts a Wide Net of Shadows. The Finger-Pointing Phase of The Cryptocurrency Bear Market Is Now Official. Elon Musk, the CEO of the electric vehicle…

Investor in Elon Musk's Twitter buyout expects to make up to five times its money Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk's $44-billion acquisition of Twitter Inc, said on Tuesday it expects to make up to five times its money despite the social media company's problems.Twitter has been hemorrhaging advertisers after Musk let more than half of its 7,500 employees go and alienated some users with his fast-changing moderation policy decisions. Musk tweeted earlier this week that the…

Embattled Asian cryptocurrency exchange Zipmex Asia Pte. is poised to be acquired by a venture capital fund for about $100 million in digital coins and cash. Embattled Asian cryptocurrency exchange Zipmex Asia Pte. is poised to be acquired by a venture capital fund for about $100 million in digital coins and cash, one of the first rescues in Asia since a wave of defaults ripped through the sector. V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, is offering $30 million in cash and the remainder in crypto…

Jay-Z’s Bacardi battle continues, this time with a new report stating his $1.5 billion D’Ussé offer was declined last year.Per a report from TMZ on Thursday, citing court documents, Jay-Z made the offer in question in December 2021. The offer is said to have been preceded by differing valuations from Jay and Bacardi, with whom he shares D’Ussé duties.In short, Jay is reported to have estimated that his half of the partnership was worth $2.5 billion, while Bacardi went much lower at $460 million. Jay then made the…

This article features the top ten cryptocurrency prices today on November 02, 2022 The total crypto market volume over the last 24 hours is US$72.92 billion, which makes a 15.17% decrease. Bitcoin is getting close to US$21K and Ethereum is also holding onto US$1.5K. But everyone is talking about the massive price surge of Dogecoin. After Elon Musk’s Twitter buyout, the dog-themed meme cryptocurrency has gained more than 100%. Here are the top 10 cryptocurrency prices today for you to check before investing.    …

Here are the top 10 cryptocurrencies to experience a price surge after Elon’s Twitter Buyout Cryptocurrencies experienced major growth over the past year, exceeding a US$3 trillion market capitalization, just last November. The cryptocurrency market is still booming as 2022 draws to a close, and many investors are looking for prospective and potential digital coins that can result in gains. The volatility surrounding top cryptocurrencies like Bitcoin, Ethereum, and Solana, has come under immense pressure. But in…