(c) Los Angeles Times
The New York Stock Exchange will suspend trading of Twitter shares on Friday, October 28, according to its website, as billionaire Elon Musk confronts a court-ordered October 28 deadline to conclude his $44 billion bid for the social media company.
Musk, the world’s richest person, visited Twitter’s offices in San Francisco on Wednesday and updated his profile bio to “Chief Twit” to imply he was the company’s top executive.
Reuters reported on Tuesday that equity investors, including Sequoia Capital, Binance, and Qatar Investment Authority, had received the necessary documentation for the finance pledge from Musk’s attorneys.
Twitter, along with investors, now expects the purchase to be finalized on its original terms of $54.20 per share, which would put a stop to its litigation.
On Wednesday, the company’s shares finished at $53.35 on the NYSE. In extended trade, they were up almost 1% to $53.90, just below Musk’s offer price.
The 2024 Vietnam International Defense Expo was inaugurated by the Prime Minister Pham Minh Chinh on December 19, 2024 and…
Created by the Duffer Brothers, Stranger Things is one of the most popular sci-fi horror series globally. It is set…
According to the US Department of Defense, China has now produced the most sophisticated supply of hypersonic weapons in the…
The Melaka International Halal Festival 2024 aims to turn the city as the prime center of the Halal products and…
On Saturday, the stalwart of Chunichi Dragons Pitcher, Hiroto Takahashi attended the negotiation for his contract renewal for the next…
US President Joe Biden has cancelled another $4.28 billion in student loans for nearly 55,000 people across the country, the…
This website uses cookies.
Read More