elon musk

Elon Musk's offer to buy Twitter sparked concerns among Tesla investors and analysts that the electric carmaker could suffer as the chief executive becomes distracted by his takeover play and the possible sales of Tesla shares to fund the deal.The billionaire entrepreneur, who also heads rocket company SpaceX, targeted Twitter on Thursday with a $43 billion (roughly Rs. 3,29,278 crore) takeover offer.The idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet…

Twitter Chief Executive Officer Parag Agrawal sought to reassure employees during an all-hands meeting on Thursday that the company was not being "held hostage" by news of Elon Musk's offer to buy the company, a source familiar with the matter told Reuters.As Agrawal took questions from staff that were posted on the company's Slack messaging service, he encouraged employees to remain focused and told them "we as employees control what happens," said the source, who did not want to be identified because they were not…

Twitter adopted a 'poison pill' on Friday to limit Elon Musk's ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion (roughly Rs. 3,28,250 crore) bid for the company.Thoma Bravo, a technology-focused private equity firm that had more than $103 billion (roughly Rs. 7,86,250 crore) in assets under management as of the end of December, has informed Twitter that it is exploring the possibility of putting together a bid, people familiar with the matter said.It is not…

Twitter is trying to thwart billionaire Elon Musk's takeover attempt with a “poison pill" — a financial device that companies have been wielding against unwelcome suitors for decades.What are poison pills supposed to do?The ingredients of each poison pill vary, but they're all designed to give corporate boards an option to flood the market with so much newly created stock that a takeover becomes prohibitively expensive. The strategy was popularized back in the 1980s when publicly held companies were being stalked by…

Elon Musk, Twitter's newest big shareholder, could alter the course of the social media company as management battles a set of proxy proposals focused on topics from civil rights to politics at its upcoming annual meeting, shareholder activists and corporate governance experts said.Whatever the outcome of Musk's $43 billion (roughly Rs. 3,28,250 crore) bid to buy Twitter outright announced Thursday, investors with opposing political views described the billionaire entrepreneur as likely to work to undo some of the…