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  1. More Images

    Acquisition of Twitter by Elon Musk

    Business acquisition in 2022

    The business magnate Elon Musk initiated an acquisition of American social media company Twitter, Inc. on April 14, 2022, and concluded it on October 27, 2022. Musk had begun buying shares of the company in January 2022, becoming its largest shareholder by April with a 9.1 percent ownership stake. Twitter invited Musk to join its board of directors, an offer he initially accepted before declining. On April 14, Musk made an unsolicited offer to purchase the company, to which Twitter's board responded with a "poison pill" strategy to resist a hostile takeover before unanimously accepting Musk's buyout offer of $44 billion on April 25. Musk stated that he planned to introduce new features to the platform, make its algorithms open-source, combat spambot accounts, and promote free speech, framing the acquisition as the cornerstone of X, an "everything app". Wikipedia

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  2. en.wikipedia.org

    Musk began purchasing Twitter stock on January 31, 2022. [4] On April 4, he announced that he had acquired 9.2 percent of the company's shares totaling $2.64 billion, [8] making him the company's largest shareholder. [9] Following the announcement, Twitter's stock experienced its largest intraday surge since the company's initial public offering (IPO) in 2013, rising by as much as 27 percent. [10]
  3. en.wikipedia.org

    Elon Musk initiated the acquisition of Twitter, Inc. on April 14, 2022, and completed it on October 28, 2022. [25] [26] His goal was to transform Twitter into X, an all-encompassing app inspired by WeChat. [27]By April, Musk had become Twitter's largest shareholder with a 9.2 percent stake and made an unsolicited $44 billion offer on April 14, which Twitter's board initially resisted before ...
  4. Timeline of billionaire Elon Musk's bid to control Twitter. The Twitter logo is seen on the awning of the building that houses the Twitter office in New York, Wednesday, Oct. 26, 2022. ... attempting to thwart a hostile takeover. April 21: Musk lines up $46.5 billion in financing to buy Twitter. Twitter board is under pressure to negotiate.
  5. This image from the Twitter page of Elon Musk shows Musk entering Twitter headquarters carrying a sink through the lobby area on Wednesday, Oct. 26, 2022 in San Francisco. Musk posted a video Wednesday showing him strolling into Twitter headquarters ahead of a Friday deadline to close his $44 billion deal to buy the company.
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