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Elon Musk Tweets 'I'm Buying Manchester United' Amid Twitter Deal Legal Dispute
Following his failed Twitter deal, which landed the Tesla CEO in a legal dispute, Elon Musk announced on August 17 that he is purchasing the English football club Manchester United. The implication of this news has Manchester United humming, however, it's impossible to tell how serious Musk's tweets are. His post drew a massive response. … read-more
Tags: Elon Musk, Manchester United, Tweet, Twitter, merger agreement
Courtesy: NDTV
Photo: Business Today
Elon Musk Cites Indian Government In Response To Twitter's Lawsuit
In his answer to Twitter's complaint, Elon Musk invoked the Indian government. Musk stated in court that the corporation failed to disclose that it had launched a "risky" lawsuit against the government of Twitter's third-largest market. Twitter is appealing the Indian government's ruling in the Karnataka High Court, claiming that if they comply with the order to restrict material, their India company would be shut down.
Tags: Elon Musk, Twitter, Indian government, lawsuit, merger agreement
Courtesy: DNA INDIA
Photo: PageGoo
Elon Musk Allegedly Sent Twitter CEO Parag Agrawal Warning Text: Reports
Elon Musk before walking out of the merger agreement texted Twitter CEO Parag Agrawal on June 28 to warn him that the company's attorneys were attempting to "cause trouble," according to recent reports. "Your lawyers are using these conversations to cause trouble. That needs to stop," read Musk's text. Musk posted the remark when Twitter asked him how he planned to fund the Twitter acquisition.
Tags: Elon Musk, Twitter, merger agreement, Twitter CEO, Parag Agrawal
Courtesy: Free Press Journal
Photo: Deluxe News
Elon Musk's Decision To Terminate Merger Agreement Deemed 'Invalid & Wrongful' By Twitter
Twitter on July 11 formally responded to Elon Musk's letter on the termination of the $44 billion Twitter purchase. According to Twitter's counsel, William Savitt, the firm has not "breached" any of its "obligations under the Agreement." The letter also stated that Musk's request to cancel the proposed $44 billion transactions is "invalid and wrongful." According to Savitt, the arrangement is still in effect.
Tags: Twitter, Letter, Elon Musk, merger agreement, Lawyer
Courtesy: India today
Photo: Nasdaq
Twitter Acquires Top Legal Firm Wachtell To Sue Elon Musk For Terminating Merger Agreement
Twitter is considering taking legal action against Elon Musk, the CEO of Tesla and SpaceX, for terminating a USD 44 billion merger agreement. As it gets ready to sue Musk, the microblogging platform has acquired the services of the huge New York legal company Wachtell, Lipton, Rosen & Katz LLP. The lawsuit from Twitter will be filed in Delaware the following week. Musk is being represented by the legal firm Quinn Emanuel Urquhart &… read-more
Tags: Twitter, Elon Musk, legal firm, merger agreement, Sued
Courtesy: ANI
Photo: 20Minutos
Twitter To Sue Elon Musk After Withdrawing Merger Agreement; Forbades Staff From Tweeting
Elon Musk, CEO of Tesla, has withdrawn the $44 billion Twitter purchase, and Twitter staff are not permitted to discuss it on Twitter. Employees of Twitter have received a note ordering them not to post about the Elon Musk acquisition. Musk pulled out of the $44 billion transactions, claiming Twitter had broken many merger agreement clauses. Therefore, Twitter has made the decision to sue Musk.
Tags: Twitter, employees, Elon Musk, merger agreement, Tweets
Courtesy: India today
Photo: Bitcoin News
Elon Musk To Withdraw Twitter Merger Agreement; Twitter Threatening To Sue If Deal Not Followed
Elon Musk announced on July 8 that he was pulling back his $44 billion bid to acquire Twitter claiming the social media company had violated many provisions of the acquisition agreement. Twitter swiftly replied by threatening to sue Tesla CEO Elon Musk if the agreement was broken. The Twitter Board responded by saying, "We are committed to closing the transaction on the price and terms agreed upon with Mr. Musk.
Tags: Twitter, merger agreement, Elon Musk, Social Media
Courtesy: DNA INDIA
Photo: Business Insider India
National Stock Exchange, Bombay Stock Exchange Approve HDFC-Bank Merger Proposal
The National Stock Exchange and Bombay Stock Exchange have authorized the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion. According to the terms of the agreement, HDFC Ltd owners would get 42 HDFC Bank shares for every 25 HDFC Ltd shares owned. Existing HDFC Ltd. stockholders will hold 41% of HDFC Bank.
Tags: HDFC, merger agreement, HDFC BANK, NATIONAL STOCK EXCHANGE, Bombay stock exchange
Courtesy: ANI
Photo: Outlook India
Twitter Board Endorses Elon Musk's $44 Billion Acquisition
Twitter's board has endorsed the $44 billion acquisition in a new regulatory filing with the US Securities and Exchange Commission(SEC) on June 21 as Tesla CEO Elon Musk resolves a few "unresolved matters" with Tesla. Twitter board stated, "unanimously recommends that you vote (for) the adoption of the merger agreement." Musk stated that he does not want to become CEO of Twitter and would instead focus on "driving the product."
Tags: Elon Musk, Twitter, Tesla CEO, twitter board, merger agreement
Courtesy: Zee News
