Musk

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…

Elon Musk took the world by surprise with his proposal to buy Twitter. The Tesla boss has offered to acquire the social media platform for a whopping sum of $43 billion (roughly Rs. 3,28,080 crore) in an all-cash deal. Musk is one of Twitter's largest shareholder, with a stake of 9.2 percent. People have flooded the microblogging platform with reactions that range from grave concern to funny memes about the social media platform's fate. Musk's offer of $54.20 (roughly Rs. 4,150) per share is a premium of 18 percent …

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…

Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a "poison pill" to protect itself from the second-biggest shareholder's $43 billion ( roughly Rs. 3,28,470 crore) cash buyout offer."Board salary will be $0 if my bid succeeds, so that's ~$3M/year (roughly Rs. 22 crore) saved right there," Musk tweeted in response to a user's post criticizing the board.Board salary will be $0 if my bid succeeds, so that's ~$3M/year saved right there— Elon Musk (@elonmusk) April 18, 2022Musk, a…

Elon Musk is willing to invest between $10 billion (roughly Rs. 76,435 crore) and $15 billion (roughly Rs. 1,14,664 crore) of his own money to take Twitter private, the New York Post reported on Tuesday, citing two sources familiar with the matter.The billionaire, who is Twitter's second-biggest shareholder with a 9.1 percent stake, is planning to launch a tender offer in about 10 days and has tapped Morgan Stanley to raise another $10 billion in debt, according to the report.Musk, who is also Tesla Inc's chief executive,…

Elon Musk on Thursday said he has lined up $46.5 billion (roughly Rs. 3,54,562 crore) in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with US regulators showed.Musk himself has committed to put up $33.5 billion (roughly Rs. 2,55,560 crore), which will include $21 billion (roughly Rs. 1,60,200 crore) of equity and $12.5 billion (roughly Rs. 95,360 crore) of margin loans against some of his Tesla shares to finance the transaction. He is chief executive…