Elon Musk dissolves Twitter board, becomes new CEO
02 November 2022 |
6:34 pm
Elon Musk said afterwards in a tweet that the arrangement is only temporary. It is unclear if or when he will name a new board.
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Musk accused Twitter of not providing data on spam accounts, saying he reserves "his right to terminate the merger agreement" over the dispute.
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Musk has vowed not to move forward with the acquisition, leading to a legal battle with the social media giant.
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ust two weeks before going to trial, Elon Musk has agreed to follow through with his $44 billion deal to buy Twitter. The billionaire entrepreneur had tried to call off the takeover just days after announcing it in April. Twitter shares soared as the news was confirmed.
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The richest man in the world, Elon Musk, is buying Twitter for the equivalent of around €41 billion. That makes the deal one of the biggest in Wall Street history.
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The world's richest man Elon Musk has completed his $44 billion takeover of Twitter, and tweeted: "The bird is freed".
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