Friday, 30 September 2022

 

 

LATEST NEWS Gurugram company developed ERD for Lift backup technology Basavaraj Bommai & Pralhad Joshi inaugurates 3600th Nand Ghar in Karnataka’s Haveri District Manpreet Singh Talwandi, president of youth wing of Akali Dal (United), joins AAP Sanjha Sufna; Why did Diya get punished after winning the match? Nayan-Jo Vekhe Unvekha takes an amazing turn; Devansh and Nayan's closeness affects Jasmine Cabinet Minister Anmol Gagan Mann Meets Top Police Officials To Root Out The Drugs Jai Ram Thakur inaugurates and lays foundation stone of 14 developmental projects worth Rs. 29 crore at Janjehli DEAKIN UNIVERSITY HUB to be set up at Chitkara University with key objective to progress the internationalisation of education World Heart Day celebrated at CGC Landran “We You will see Deepika and me together soon : Ranveer Singh Jai Ram Thakur Visits AIIMS at Kothipura State Election Commissioner Presents Report on By-election Jai Ram Thakur reviews arrangements for PM visit at Bilaspur HCMCT Manipal Hospitals, collaborates with Delhi Traffic Police and Cult.Fit to raise awareness on heart health on World Heart Day The ‘Heart Truth’ - Why heart attacks are on the rise among women New Zealand, United Arab Emirates reveal official jerseys for 2022 Men's T20 World Cup Wanted shooter of Bambiha gang arrested by Punjab Police Looking into matter of woman IAS officer's sharp words for school girl : Nitish Kumar Gajraj Rao was initially scared to sign on the dotted line for 'Maja Ma' Parineeti Chopra learnt Krav Maga for three months for 'Code Name Tiranga' People from the outside might be surprised but team knew about his skill : Mitchell Marsh on Cameron Green

 

Twitter board recommends $44 bn buyout by Elon Musk

Elon Musk , SpaceX CEO , Tesla CEO , San Francisco , SpaceX Project, Twitter

Web Admin

Web Admin

5 Dariya News

San Francisco , 22 Jun 2022

As Elon Musk fixes a few 'unresolved matters' with Twitter, the company's board has recommended the $44 billion buyout.In a fresh regulatory filing with the US Securities and Exchange Commission(SEC) on Tuesday, Twitter's board of directors recommended unanimously that shareholders approve the proposed $44 billion buyout of the micro-blogging platform to Tesla CEO Musk.

The board "unanimously recommends that you vote (for) the adoption of the merger agreement," it said in the filing."Twitter's Board of Directors, after considering the factors more fully described in the enclosed proxy statement, unanimously determined that the merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders," the company said.

Twitter shares jumped around 3 per cent to reach $38.60 each.Musk on Tuesday said that there are still a few "unresolved matters" with Twitter before he moves ahead with his $44 billion takeover deal.Addressing the Qatar Economic Forum, the world's richest man said that he is still waiting to know the presence of the actual number of bots on the platform.

"There is the question of, will the debt portion of the round come together and then will the shareholders vote in favour," he said.He said he will focus on "driving the product" at Twitter and does not want to become the CEO of the micro-blogging platform.

Annoyed at the presence of fake users and bots on Twitter, Musk in May put the $44 billion takeover deal on hold.Musk said he does not believe in Twitter findings, which claim that false or spam accounts represent fewer than 5 per cent of its monetisable daily active users (229 million).

He said that Twitter's algorithm might be manipulating users and has "very bot-friendly" rules.Musk also asked the US SEC to probe whether Twitter's claim on the number of its user base is true.

 

Tags: Elon Musk , SpaceX CEO , Tesla CEO , San Francisco , SpaceX Project , Twitter

 

 

related news

 

 

 

Photo Gallery

 

 

Video Gallery

 

 

5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2022 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD