musk: From biggest shareholder to owner: How the Elon Musk-Twitter saga unfolded in 21 days

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Elon Musk – There are some approvals left – Become the new owner of Twitter now. The last three weeks have even been a whirlwind of mask standards. He became the largest personal shareholder on Twitter on April 4 and became the owner of Twitter 21 days later. How did the story actually unfold? We’ve come up with an event timeline that owns Twitter Mask:
April 4: Elon Musk becomes Twitter’s largest personal shareholder
Twitter reveals that Mask has acquired a 9.2% stake in the company. Musk has spent nearly $ 2.9 billion to become Twitter’s largest personal shareholder.
April 5: Twitter announces that Musk will join its board of directors
Elon Musk প্রকাশিত was appointed to Twitter’s board of directors as published by Twitter’s CEO Pollen Agarwal. “I am excited to share what we are hiring @ Elnmask On our board! Through conversations with Elon in recent weeks, it has become clear to us that he will bring great value to our board, “Agarwal said in a tweet.
April 10: Mask will not join Twitter’s board
A few days after he announced his appointment, Agarwal said he would not join the mask board. Agarwal said in a note to company employees, “Elon shared that morning that he would not be joining the board again. I believe this is for the best. We will always evaluate and do the input from our shareholders whether they are on our board or not. Elon is our largest shareholder and we will be open to his input.
April 14: Musk makes an offer
Musk, not surprisingly, said in a tweet that “I made an offer.” The total cash offer was $ 54.20 per share of Twitter purchases valued at $ 43.2 billion.
April 15: Twitter board Trying to ‘close’ the mask
It has been dubbed the “poison pill” and Twitter’s board has revealed that they are going for a limited-term shareholder rights plan. As a result, Mask was buying Twitter.
April 25: This is Elon Musk’s Twitter
In the meantime, Musk has revealed how he will fund his Twitter bid, and finally, Twitter has accepted his offer, which is valued at more than 44 billion. “The Twitter Board has conducted a thoughtful and comprehensive process to evaluate Elon’s proposal with a deliberate focus on pricing, certainty and financing. The proposed transaction will provide a substantial cash premium, and we believe this is the best way for Twitter’s shareholders.” Twitter has given this information in a press release.




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