Fears that carmaker’s CEO may have to sell shares to fund $44bn acquisition of social network
Dan Ives, an analyst at the financial firm Wedbush Securities, said worries about upcoming stock sales by Musk and the possibility he is becoming distracted by the Twitter venture are weighing on the electric carmaker’s shares. “This [is] causing a bear festival on the name,” he said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Donald Trump hoped Elon Musk would buy Twitter but won't returnEven with Musk looking to take Twitter private, Trump says the sole platform he will be using from now on will be his own, TRUTH Social.
Read more »
Elon Musk reaches £34billion agreement to buy TwitterMusk had already rejected a position on the company’s board which would’ve stopped the tech mogul from taking over Twitter
Read more »
Elon Musk Reaches $44 Billion Deal to Buy TwitterBREAKING: Elon Musk reaches $44 billion deal to buy Twitter
Read more »
Elon Musk could seize Twitter TODAY as talks reach 'final stages'The Tesla magnate, 50, agreed to pay shareholders $54.20 in cash for each share of common stock before the bombshell deal was struck.
Read more »
Twitter expected to accept Elon Musk’s bid - follow liveElonMusk Twitter Twitter-Elon Musk news - live 🔴 -Twitter is reportedly prepared to accept Elon Musk’s offer to buy the company for $54.20 per share -FOLLOW LIVE ⬇️
Read more »