Elon Musk pledges to close Twitter acquisition by Oct. 28 deadline

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Banks have committed to providing approximately $12.5 billion in debt financing for Musk's $54.20 per share buyout of the social media giant.

planning to terminate the deal

after claiming the company breached its obligations by misrepresenting the number of spam and fake accounts on the platform. Twitter maintains that spam and fake accounts make up less than 5% of its total users. In response, Twitter filed a lawsuit against Musk, accusing him of refusing to honor his obligations under the agreement because "the deal he signed no longer serves his personal interests." Musk proceeded to file a countersuit, which wasImage 1 of 3

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk smiles at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.and said he would follow through on the deal's original terms, pending receipt of the deal's debt financing and provided that the Delaware Court of Chancery stayed Twitter's lawsuit and adjourned a legal trial that was slated for Oct. 17.

The court has given Musk until Oct. 28 to close the deal with Twitter. If the parties cannot reach an agreement, the trial will be moved to November.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Thank God. Hurry up elonmusk fire all these numbnuts.

Clean up the bots!!!! There are sooooooooo many!!!!

I understand Elon wants to pay the stock holders in rocks. We're screwed

Libs right now

The left will have their heads explode, ESPECIALLY if elonmusk let's realDonaldTrump back on in time for the mid-terms...🤯

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 458. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

MPTF Facing “Imminent Demise” & Prospect Of Going Out Of Business By Year’s End Unless It Raises $10 Million-$12 Million SoonThe 100-plus-year-old Motion Picture & Television Fund, hit by a “perfect storm” of rising expenses and declining revenue, is facing its “imminent demise” and the very r… 12 industry heavyweights could solve this tomorrow🙏🏽
Källa: DEADLINE - 🏆 109. / 63 Läs mer »

Banks, regulators start the dance to thwart new real estate deals - San Francisco Business TimesSometimes, the process seems templated. Banks profit billions making real estate loans during one of the longest economic expansions this country has ever seen, but the same developers who made millions for the lenders now say that loan spigot is runneth dry. Banks blame regulators, and regulators point to irrational exuberance.
Källa: SFBusinessTimes - 🏆 78. / 68 Läs mer »