Elon Musk
It seems unlikely Musk will get private equity funding for Twitter purchase
Brendan Smialowski | Afp | Getty Images It “seems unlikely” Musk will get help from private equity firms with his $43 billion bid to buy Twitter and take it private, according to CNBC’s David Faber. “The more I report, the less I believe there’s anybody else that really could show up here,” Faber said on […]
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures steady with earnings, rising bond yields in focus Traders work on the floor of the New York Stock Exchange during morning trading on April 12, 2022 in New York City. Michael M. Santiago | Getty Images […]
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Apollo Global Management is willing to finance a Twitter buyout, sources say
Private equity firm Apollo Global Management has held discussions about financing a potential takeover for Twitter, according to sources familiar with the matter. But Apollo isn’t interested in being part of a private equity consortium that would acquire the social media company, said the people, who asked not to be named because the discussions are […]
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Musk says Twitter board will be paid nothing if he acquires the company
Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019. Aly Song | Reuters Elon Musk said Monday that Twitter’s board of directors won’t be compensated for serving if he acquires the company. “Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right […]
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Ex-CEO Dorsey criticizes Twitter board, Musk says it ‘owns almost no shares!
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Former Twitter CEO Jack Dorsey criticized the company’s board in a series of tweets on Sunday as the group is now tasked with evaluating a takeover bid […]
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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as the 10-year Treasury yield tops a 3-year high Traders on the floor of the NYSE, April 14, 2022. Source: NYSE 2. BofA issues stronger earnings as it releases reserves for soured loans A […]
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Musk tweets ‘Love Me Tender’ days after Twitter takeover offer
Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took aim at Twitter Inc with a $43 billion cash takeover […]
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Inside Rivian’s EV plant and CEO RJ Scaringe’s strategy for growth, lower-priced EVs and competing with Tesla
Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker’s R1T electric pickups outside of the company’s plant in central Illinois as a man chants, “RJ, RJ!” Scaringe, who goes by those […]
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Elon Musk could try to run three major companies at once — the last known CEO who did it is now an international fugitive
Elon Musk’s bid to acquire Twitter might have an undesirable side-effect for the billionaire: adding yet another large company to his jam-packed schedule. The Tesla and SpaceX CEO has offered to buy every Twitter share he doesn’t already own — 90.8% of the company — in a deal worth roughly $43 billion, according to a […]
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Elon Musk ‘funding secured’ tweets ruled false new court filing suggests
Elon Musk Krisztian Bocsi | Bloomberg | Getty Images In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 […]
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