Musk announces $46.5 billion (U.S.) in financing, Twitter shares rise 3.9 per cent, as expectations of a deal continue to swirl.
Tech mogul Elon Musk is expected by some to buy social media platform Twitter as soon as Monday.
Twitter shares rose 3.9 per cent when trading began Monday morning, as talk of the deal continued to swirl. The billionaire first announced his $43 billion offer April 14, at $54.20 a share. There are concerns about Musk’s motives for taking over Twitter. Musk has said he wants to buy the platform because he doesn’t believe it’s living up to its role in enabling free speech, and has proposed relaxing content restrictions, potentially including the rules that forced former president Donald Trump off the social media platform.
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.
Twitter under shareholder pressure to seek deal with Elon Musk, sources sayTwitter’s board is expected to find that Musk’s all-cash $54.20 per share offer for the company is too low by the time it reports quarterly earnings on Thursday
Read more »
After rocky start, Twitter and Elon Musk now inching toward takeover deal | CBC NewsElon Musk talked into the night with Twitter's board of directors on Sunday and the two sides are reportedly nearing a deal that would allow the CEO of Tesla to take over the company.
Read more »
Twitter in talks with Musk over bid to buy platform: reportsTwitter's board and Tesla CEO Elon Musk negotiated into the early hours of Monday over his bid to buy the social media platform, The New York Times reported.
Read more »
Twitter, under shareholder pressure, begins deal talks with Musk: sourcesTwitter kicked off deal negotiations with Elon Musk on Sunday after he wooed many of the social media company's shareholders with financing details on his $43 billion acquisition offer, people familiar with the matter said.
Read more »