Elon Musk requires about Twitter: A seem back again on timeline of $forty four billion offer | World News

Elon Musk requires about Twitter: A seem back again on timeline of $forty four billion offer | World News (*4*) (*7*)(*6*)

Billionaire Elon Musk on Thursday last but not least took manage of Twitter soon after the largest offer this 12 months held the tech world in wait around-and-look at method for months. In his initially go as the manager of one particular of the world's most well-known social networking websites, Musk is noted to have terminated Twitter main government Parag Agrawal, main money officer Ned Segal and authorized affairs and plan main Vijaya Gadde. Given that Musk started acquiring shares of Twitter in January this 12 months, there have been controversies galore - from Musk dropping out of the offer to the authorized fight with Twitter.(*8*)

Below is a timeline of the gatherings:(*8*)

January 31: Elon Musk started acquiring shares of Twitter in in close proximity to-day-to-day installments - amassing a 5% stake in the corporation by mid-March.(*8*)

March 26: Musk experienced mentioned that he is supplying a “serious thought” to making an different to Twitter - questioning the platform's dedication to “free speech” and no matter if Twitter is undermining democracy. He experienced also privately achieved out to the Twitter board, which include co-founder Jack Dorsey.(*8*)

Also go through: Parag Agrawal probably to acquire $forty two million pursuing exit from Twitter: Report(*8*)

March 27: Elon Musk started discussions with Twitter CEO and board customers about probably signing up for the board. He experienced also described using Twitter personal or starting off a competitor, in accordance to afterwards regulatory filings. Right after privately informing Twitter of his increasing stake in the corporation, Musk commences discussions with its CEO and board customers about probably signing up for the board. Musk also mentions using Twitter personal or starting off a competitor, noted AP.(*8*)

April 4: A regulatory submitting exposed that Musk has quickly develop into the greatest shareholder of Twitter soon after obtaining a 9 p.c stake (seventy three.5 million shares) - worthy of about $3 billion.(*8*)

April 5: Musk was made available a seat on Twitter’s board on the situation he amasses no additional than fourteen.9 p.c of the company’s inventory.(*8*)

April 9: The romantic relationship amongst Twitter main government Parag Agrawal and Elon Musk went bitter soon after Musk publicly tweeted: “Is Twitter dying?” To this, Agrawal known as the criticism unhelpful.(*8*)

April eleven: Twitter CEO Parag Agrawal declared Musk will not be signing up for the board soon after all.(*8*)

April fourteen: Twitter exposed in a securities submitting that Musk has made available to acquire the corporation for about $forty four billion.(*8*)

April 21: Musk lined up $forty six.5 billion in funding to acquire Twitter.(*8*)

April twenty five: Elon Musk achieved a offer to acquire Twitter for $forty four billion and get the corporation personal. The billionaire mentioned that he required to individual and privatize Twitter since he thinks “it is not residing up to its prospective as a system for absolutely free speech.”(*8*)

April 29: Musk bought all over $8.5 billion worthy of of shares in Tesla to enable fund the obtain of Twitter.(*8*)

May possibly 5: Musk strengthened his provide to acquire Twitter with commitments of additional than $7 billion from a numerous team of buyers.(*8*)

May possibly ten: Elon Musk mentioned that he would reverse the ban on previous US president Donald Trump's Twitter account pursuing the US Capitol violence.(*8*)

May possibly thirteen: Musk declared his strategy to acquire Twitter is “temporarily on maintain.”(*8*)

June 6: Elon Musk accused Twitter of refusing to give him the facts he asked for about its spam bot accounts and threatened to finish his $forty four billion settlement.(*8*)

July twelve: Twitter sued Musk and requested him to total the offer. Musk countersued.(*8*)

Also go through: You might be absolutely free to tweet: Messages expose Elon Musk- Parag Agrawal tumble out(*8*)

July 19: A Delaware choose mentioned the Musk-Twitter authorized dispute will go to demo in Oct.(*8*)

August 23: Previous head of safety at Twitter alleged that the corporation “misled regulators about its bad cybersecurity defenses” and its carelessness in trying to root out pretend accounts that distribute misinformation. Musk cited the whistleblower as a new motive to scuttle his Twitter offer.(*8*)

Oct 5: Musk made available to go by way of with his authentic proposal to acquire Twitter for $forty four billion.(*8*)

Oct 6: Delaware choose delayed Oct seventeen demo right up until November and gave each sides right up until Oct 28 to get to an settlement to near the offer.(*8*)

Oct twenty: Experiences mentioned that Musk prepared to lay off seventy five p.c of the firm's personnel.(*8*)

Oct 26: Musk posted a online video of himself coming into Twitter headquarters carrying a kitchen area sink, indicating that the offer is established to go by way of. He also up to date his Twitter profile's bio to "Main Twit".(*8*)

Oct 27: Musk took manage of Twitter and reportedly fired the firm's CEO, main money officer, and normal counsel.(*8*)

(With inputs from AP)(*9*)(*8*) (*3*) (*7*)(*5*)