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Wyndham rejects $8 billion unsolicited buyout offer after Choice Hotels goes public with its bid
1 year, 2 months ago

Wyndham rejects $8 billion unsolicited buyout offer after Choice Hotels goes public with its bid

Associated Press  

Wyndham Hotels & Resorts rejected an unsolicited $8 billion buyout offer from Choice Hotels, a smaller chain that went public Tuesday with its bid after negotiations broke down. “Choice’s offer is underwhelming, highly conditional and subject to significant business, regulatory and execution risk,” Wyndham Chairman Stephen Holmes said in a prepared statement. While we would have preferred to continue discussions …

Hotels Share Offer Wyndham Choice Holmes Its Bid
Elon Musk’s mysterious ways on display in Tesla tweet trial
1 year, 10 months ago

Elon Musk’s mysterious ways on display in Tesla tweet trial

Associated Press  

SAN FRANCISCO — Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. THE TROUBLESOME TWEETS The crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared “funding secured” to take Tesla private. Musk abruptly posted the tweet minutes before …

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Elon Musk defends 2018 Tesla buyout tweets: Report
1 year, 11 months ago

Elon Musk defends 2018 Tesla buyout tweets: Report

Hindustan Times  

Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. Musk said he cares “a great deal” about investors and also railed against short sellers who make investments that reward them when a company's stock price falls The …

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Jury selection begins in investor lawsuit against Elon Musk
1 year, 11 months ago

Jury selection begins in investor lawsuit against Elon Musk

The Hindu  

A Silicon Valley judge began questioning potential jurors Tuesday to hear allegations that Elon Musk cheated Tesla investors by claiming in a 2018 tweet that he had lined up financing to take the electric automaker private. The judge dealt Musk another setback on Friday, when he rejected Musk's bid to transfer the trial to a federal court in Texas, where …

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Elon Musk's Next Drama: A Trial Over His Tweets About Tesla
1 year, 11 months ago

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding …

Tesla San Francisco Company Stock Musk Twitter
Elon Musk's next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk's next drama: a trial over his tweets about Tesla

The Hindu  

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Mr. Musk's tweets back then fuelled a rally in Tesla's stock price that abruptly ended a week later, after it became apparent that he didn't have the funding for a buyout after all. …

Trial Tesla Company Stock Musk Twitter
Elon Musk’s next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk’s next drama: a trial over his tweets about Tesla

Associated Press  

SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding for a buyout …

Trial Tesla San Francisco Company Stock Musk Twitter
Elon Musk’s next drama: A trial over his tweets on Tesla
1 year, 11 months ago

Elon Musk’s next drama: A trial over his tweets on Tesla

Al Jazeera  

Trial on Tesla boss Musk’s old tweets that he had raised money to take the auto firm private is set to start on Tuesday. Musk’s tweets back then fuelled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he did not have the funding for a buyout after all. Chen dealt Musk …

Trial Tesla Company Stock Musk Twitter
Elon Musk sued by Twitter shareholders for stock price manipulation
2 years, 6 months ago

Elon Musk sued by Twitter shareholders for stock price manipulation

Firstpost  

Shareholders claimed that Twitter lost $8 billion in valuation since the buyout in late April. The lawsuit alleges the Elon Musk tweeted and made statements intended to create doubt about the deal, which has roiled the social media platform for weeks San Francisco: Elon Musk faces a lawsuit accusing him of pushing down Twitter’s stock price in order to either …

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Elon Musk faces lawsuit accusing him of pushing down Twitter share price
2 years, 6 months ago

Elon Musk faces lawsuit accusing him of pushing down Twitter share price

Live Mint  

Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount. Musk said last week that his bid to buy Twitter won't proceed unless he gets proof of the number of spam accounts plaguing the platform, adding …

Musk Share Suit Deal Buy Twitter Price Elon
Twitter adopts 'poison pill' defence against Elon Musk's buyout bid
2 years, 8 months ago

Twitter adopts 'poison pill' defence against Elon Musk's buyout bid

Firstpost  

The board’s ‘rights plan’ or ‘poison pill’ kicks in if a buyer takes 15 per cent or more of Twitter’s outstanding common stock in a transaction not approved by the board Washington, United States: Twitter moved Friday to defend itself against Elon Musk’s $43 billion hostile takeover bid, announcing a plan that would allow shareholders to purchase additional stock. Twitter’s …

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Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay
3 years, 4 months ago

Twitter's Dorsey leads $29 bln buyout of lending pioneer Afterpay

The Hindu  

Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, will purchase buy now, pay later pioneer Afterpay Ltd for $29 billion, creating a global transactions giant in the biggest buyout of an Australian firm. "Acquiring Afterpay is a 'proof of concept' moment for buy now, pay later, at once validating the industry and creating a formidable new competitor …

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