January 31: Musk begins obtaining shares of Twitter in near-day-to-day installments, amassing a 5% stake in the enterprise by mid-March.
March 26: Musk, who has 80 million Twitter followers and is active on the web-site, reported that he is supplying ‘serious thought’ to developing an alternative to Twitter, questioning no cost speech on the system and no matter whether Twitter is undermining democracy. He also privately reaches out to Twitter board users, including his pal and Twitter co-founder Jack Dorsey.
March 27: Right after privately informing them of his expanding stake in the enterprise, Musk starts off discussions with Twitter’s CEO and board users about potentially joining the board. Musk also mentions using Twitter private or starting off a competitor, in accordance to later on regulatory filings.
April 4: A regulatory filing reveals that Musk has promptly grow to be the greatest shareholder of Twitter right after getting a 9% stake, or 73.5 million shares, value about $3 billion.
April 5: Musk is made available a seat on Twitter’s board on the ailment he amass no more than 14.9% of the company’s stock. CEO Parag Agrawal reported in a tweet that ‘it became clear to us that he would deliver fantastic price to our Board.’
April 11: Twitter CEO Parag Agrawal announces Musk will not be signing up for the board following all.
April 14: Twitter reveals in a securities filing that Musk has offered to invest in the enterprise outright for about $44 billion.
April 15: Twitter’s board unanimously adopts a ‘poison pill’ protection in reaction to Musk’s proposed offer, attempting to thwart a hostile takeover.
April 21: Musk traces up $46.5 billion in funding to obtain Twitter. Twitter board is under force to negotiate.
April 25: Musk reaches a deal to buy Twitter for $44 billion and choose the corporation private. The outspoken billionaire has mentioned he required to possess and privatize Twitter mainly because he thinks it really is not living up to its possible as a system for cost-free speech.
April 29: Musk sells around $8.5 billion truly worth of shares in Tesla to support fund the invest in of Twitter, in accordance to regulatory filings.
May perhaps 5: Musk strengthens his give to get Twitter with commitments of much more than $7 billion from a diverse group of traders which include Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
May well 10: In a hint at how he would change Twitter, Musk claims he’d reverse Twitter’s ban of previous President Donald Trump subsequent the Jan. 6, 2021 insurrection at the U.S. Capitol, calling the ban a ‘morally poor decision’ and ‘foolish in the excessive.’
Could 13: Musk reported that his prepare to acquire Twitter is ‘ temporarily on hold.’ Musk reported that he demands to pinpoint the variety of spam and phony accounts on the social media system. Shares of Twitter tumble, even though shares of Tesla rebound sharply.
June 6: Musk threatens to end his $44 billion arrangement to acquire Twitter, accusing the enterprise of refusing to give him information and facts about its spam bot accounts.
July 8: Musk tells Twitter he is terminating arrangement because organization would not hand over details on spam botsÂ
July 12: Twitter documents go well with seeking a courtroom judgement forcing Musk to entire the merger at the agreed priceÂ
July 19: A Delaware choose suggests the Musk-Twitter legal dispute will go to demo in Oct
August 23: A former head of security at Twitter alleges the company misled regulators about its lousy cybersecurity defenses and its negligence in trying to root out pretend accounts that spread misinformation. Musk sooner or later cites the whistleblower as a new motive to scuttle his Twitter offer
October 5: Musk delivers to go by means of with his primary proposal to buy Twitter for $44 billion. Twitter suggests it intends to shut the transaction right after getting Musk’s supply
Oct 6: Delaware decide delays October 17 trial till November and gives both sides until finally October 28 to arrive at agreement to close the deal
October 20: Musk told possible Twitter investors that he ideas to lay off 75% of the company’s 7,500 personnel, in accordance to The Washington Submit
Wednesday, October 26: Musk posts a online video of himself coming into Twitter headquarters carrying a kitchen area sink, indicating that the deal is established to go via
Thursday, October 27: Musk states Twitter won’t turn out to be a ‘free-for-all hellscape’ in a information he sent to advertisers
*Supply: Associated PressÂ
Â
Â
For the latest headlines, stick to our Google News channel
Supply backlink
hartford car insurance policies store auto insurance coverage finest vehicle insurance estimates greatest online car insurance plan get car insurance plan estimates car insurance coverage quotations most economical car insurance coverage motor vehicle insurance coverage vendors auto insurance policies greatest promotions ideal insurance policies quotations get motor vehicle insurance policy on line most effective detailed car coverage ideal low cost vehicle insurance auto plan switching automobile coverage car insurance coverage quotations car insurance coverage ideal reasonably priced vehicle insurance plan on the net vehicle coverage rates az auto insurance coverage commercial car insurance coverage instantaneous car insurance acquire car insurance coverage on line greatest auto insurance plan organizations finest vehicle insurance policy coverage finest automobile insurance car or truck coverage quotations aaa insurance policy quotation auto and house insurance plan rates automobile insurance look for finest and most inexpensive auto coverage very best price tag car insurance greatest car or truck insurance policies aaa automobile insurance policies quotation find affordable car or truck coverage new car or truck insurance policy quotation vehicle coverage firms get car insurance policy rates most effective inexpensive car insurance car or truck coverage plan on the net new auto insurance plan coverage get car or truck insurance plan vehicle insurance plan company ideal inexpensive insurance plan car insurance policy on the web quotation car insurance coverage finder complete insurance coverage quotation vehicle insurance quotations near me get insurance