buyout

Miami-based Ryder System Inc. said in a statement it will ‘carefully review and evaluate the indication of interest’ to determine what is in the best interest of its shareholders. Photo: Ryder System…

Twitter Inc has fired two of its top managers on Thursday amid Elon Musk's planned buyout of the company. The two fired employees include Twitter general manager, Kayvon Beykpour and the company's revenue and product lead Bruce Falck. Beykpour announced his exit from the company on Twitter itself. He said he is leaving after 7 years. In a series of tweets, Beykpour wrote, "The truth is that this isn’t how and when I imagined leaving Twitter, and this wasn’t my decision. Parag asked…

Duke Realty Corp. DRE 7.52% on Wednesday rejected the nearly $24 billion buyout offer from the warehousing giant Prologis Inc., PLD -0.35% calling the unsolicited offer insufficient. “We believe the latest offer, virtually unchanged from its prior proposals, is insufficient in that regard,” Duke Realty said in a statement, adding it will have no further comment on the proposal at this…

Billionaire Elon Musk buys one of the most influential social media platforms with millions of active users, sparking anxieties over unfettered online hate speech and "having so much power in the hands of one individual." Elon Musk has been touting "free-speech" but is also known for blocking Twitter users who…

The US Federal Trade Commission (FTC) is reviewing Tesla Chief Executive Elon Musk's $44 billion (roughly Rs. 3,37,465 crore) takeover of Twitter, Bloomberg News reported on Thursday, citing a person familiar with the deal.The FTC declined to comment, while Musk could not be reached for comment.The agency will decide in the next month whether it will do an in-depth antitrust probe of the proposed transaction, the person told Bloomberg. Such a probe would delay the deal's closing by months.Antitrust experts have said there…

Elon Musk, who has agreed to take Twitter Inc. private in a $44 billion deal, has told potential investors he could return the social-media company to public ownership after just a few years. Mr. Musk said he plans to stage an initial public offering of Twitter in as little as three years of buying it, according to people familiar with the matter. The deal is expected to close later this year, subject to conditions including the approval of Twitter shareholders and regulators,…

Since he closed the deal to buy Twitter a few days ago, billionaire entrepreneur Elon Musk appears to have been bombarded with requests to fix other products of public use. Though he must be enjoying the attention, he also appears to be frustrated by these requests. The Tesla founder has a reputation of making startling statements and following through on some of them when least expected. Twitter users dug out his old tweets and some even circulated fake ones to suggest Musk had desired to buy some successful companies to…

Twitter CEO Parag Agrawal didn’t have many concrete answers for staff about what will happen once Elon Musk takes over the company later this year. During a virtual all-hands call Monday, hours after the company announced it had agreed to be bought by Musk for $44 billion, Agrawal fielded questions on the future of his job, the company’s board, and possible layoffs. Layoffs aren’t planned “at this time,” Agrawal said, according to a person who heard the remarks and who asked to remain anonymous. Agrawal also said that…

Twitter has accepted Elon Musk’s offer to purchase the company for $44 billion, the company announced in a press release today. Musk purchased the company at $54.20 a share, the same price named in his initial offer on April 14th. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” said Musk in a statement included with the release. “I also want to make Twitter better than ever by enhancing the product with new…