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{"id":4521,"date":"2022-04-26T15:01:50","date_gmt":"2022-04-26T15:01:50","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/04\/26\/elon-musk-and-the-43-billion-bid-all-of-the-updates-about-his-takeover-of-twitter\/"},"modified":"2022-04-26T15:01:51","modified_gmt":"2022-04-26T15:01:51","slug":"elon-musk-and-the-43-billion-bid-all-of-the-updates-about-his-takeover-of-twitter","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/04\/26\/elon-musk-and-the-43-billion-bid-all-of-the-updates-about-his-takeover-of-twitter\/","title":{"rendered":"Elon Musk and the $43 billion bid: all of the updates about his takeover of Twitter"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/4\/11\/23019836\/elon-musk-twitter-board-of-directors-news-updates<\/a>
\n
<\/br><\/code><\/p>\n

\n

First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder<\/a>. The company announced<\/a> Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he would not accept the position<\/a>. <\/p>\n

After a tumultuous week, Twitter CEO Parag Agrawal announced that Musk declined the board seat<\/a>, which released the world\u2019s richest human from his commitment to not acquire more than 14.9 percent of the company\u2019s shares. In a letter to Twitter employees, Agrawal said, \u201cThere will be distractions ahead, but our goals and priorities remain unchanged.\u201d He also asked employees to \u201ctune out the noise.\u201d<\/p>\n

It didn\u2019t take long before the noise arrived in the form of an unsolicited offer by Elon Musk to buy 100 percent of Twitter\u2019s shares for $54.20 each<\/a>, or about $43 billion. The Twitter board of directors responded by implementing a poison pill measure<\/a>, meant to prevent anyone (read: Elon Musk) from taking over the company simply by purchasing shares on the open market.<\/p>\n

On April 25th, it was all over. Twitter has accepted Elon Musk\u2019s offer<\/a> to purchase the company for $44 billion.<\/p>\n

Musk, who already leads Tesla, SpaceX, The Boring Company, and Neuralink, is one of Twitter\u2019s most visible users, with a large audience of devoted followers<\/a>. The billionaire exec spontaneously shares earthshaking company plans, uncredited memes, and bizarre accusations<\/a>. That\u2019s in addition to responses that serve as a global tech support line for people who want everything from help with their electric car to politicians seeking satellite internet so they can keep citizens connected during a war. <\/p>\n

The Musk era at Twitter has already included a surprise reveal that it will test an edit button for tweets<\/a> soon \u2014 news that the company insists had nothing to do with a poll that its almost board member posted<\/a> about the feature just before it was confirmed. <\/p>\n<\/p><\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/4\/11\/23019836\/elon-musk-twitter-board-of-directors-news-updates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: First, we learned that Elon Musk had purchased enough shares of Twitter to become its largest individual shareholder. The company announced Musk would take a seat on its board of directors, but within the space of a week, that plan unraveled, and Musk informed the board he would not accept the position. 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