Elon Musk's pursuit of Twitter was a melodrama from beginning to end.
SAN FRANCISCO - Elon Musk's pursuit of Twitter was a melodrama from beginning to end -- a volatile courtship between a mercurial billionaire and the massively influential social media platform.
It also earned him a seat on the board. CEO Parag Agrawal announced the offer -- in a tweet, of course -- and called Musk"a passionate believer and intense critic of the service which is exactly what we need." After saying it would"carefully review" the offer, Twitter adopted a"poison pill" defense, announcing a plan that would allow shareholders to purchase additional stock.Then came the plans for a walk down the corporate aisle: Twitter reversed course and said on April 25 that it was selling to Musk in a deal valued at $44-billion.
In early June, advocacy groups decided to speak now instead of forever holding their peace, launching a campaign to stop Musk from going through with the purchase, which they said would allow him to"hand a megaphone to demagogues and extremists."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twitter has laid off a third of its recruiting team amid Elon Musk takeover drama | BusinessinsiderTwitter said in May it was pausing most hiring and backfilling, aside from business-critical roles.
Read more »
Twitter versus Musk in court after the SA baller scraps R690 billion dealElon Musk has pulled out of his R690 billion deal to purchase Twitter. But can he walk away scot-free? Experts have deemed the decision a disaster for the platform and Twitter is now reading the fine print.
Read more »
Elon Musk had twins with company exec last year: reportBillionaire tech entrepreneur Elon Musk had twins last year with an executive at one of his companies, online outlet Insider reported on Wednesday, citing Texas court documents.
Read more »
Elon Musk welcomed twins with employee as daughter severs ties with himThe SpaceX chief welcomed the babies just weeks before the arrival of his second child with former partner Grimes.
Read more »