Elon Musk revises Twitter financing plan to include more equity
News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
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News alleviates investor doubts over billionaire's resolve, sending Twitter stocks up 5.5% in after-hours trading.
Tesla founder says his $44 billion purchase of the social media giant is being held up by questions over spam and fake accounts.
Musk said Twitter's permanent suspension of Trump in the days following the January 6 attack "was morally wrong and flat out stupid."
The world's richest man tweeted that he doesn't intend to sell any more Tesla shares.
Social media company is a "digital town square where matters vital to the future of humanity are debated," billionaire says.
Social media company's board is set to accept Musk's bid to buy the company for $43 billion, according to media reports.
The social media company said the plan doesn't prohibit an acquisition if it is in the "best interests of Twitter and its shareholders."
Billionaire founder of Tesla launches hostile bid for the social media company, saying it "needs to be transformed."
Tesla CEO Elon Musk would offer a little over $54 a share, $9 more than Wednesday's closing price. Tena Ezzedine reports.
Despite becoming a 9.2% shareholder in Twitter, Elon Musk has reportedly opted not to join their board after discussing the matter with CEO Parag Agarawal.
Twitter's CEO Parag Agarawal announced the decision Sunday evening.
Tesla CEO, who has raised questions about the social media platform's policies, is purchasing 9.2% of Twitter's shares.
