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👍 | Twitter shares up 5% after reports it is to acc…


Photo A view of the logo of the American social networking company Twitter on a smartphone screen beside a Portrait of the entrepreneur Elon Musk. Shares of Twitter, Inc are rising almost 5% in pre-market on Monday after reports that the microblogging site's board is set to accept an offer from Tesla founder Elon Musk as early as Monday. Adrien Fillon / ZUMA Press Wire / dpa

Twitter shares up 5% after reports it is to acc…

Shares of Twitter, Inc are rising almost 5% in pre-market on Monday after reports that the microblogging site's board is set to accept an offer from Tesla founder Elon Musk as early as Monday. Musk made the non-binding proposal of about $ 43 billion to acquire all of the outstanding common stock of Twitter not owned by him earlier this month. Though Twitter initially adopted a so-called poison pill to fend off a potential hostile takeover, it became more receptive to the bid after Musk revealed he secured $ 46.5 billion in financing. Prior to that, Musk revealed in the first week of April that h… → Continue reading

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