Twitter Confirms It’s Working On An Edit Button, Says Idea Not Based On Elon Musk Poll

Elon Musk's attempt to stage a takeover at Twitter appear to be gathering pace with the New York Times reporting on Sunday that the Tesla CEO has entered negotiations with the board of the social media company. This latest development follows Twitter's decision last week to take the "posion pill" option of diluting its stock in order to make any potential takeover prohibitively expensive.

Elon Musk in a deal that values the company at $44 billion, the board announced Monday afternoon.«The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders,» Bret Taylor, the company's independent board chair, said in a statement.Musk, the CEO of Tesla and SpaceX, reiterated his plans to remake Twitter as a forum dedicated to promoting free speech.«Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,» he said in a statement.Musk also said he plans on «making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans» on the platform.It's the largest deal to take a company private in at least two decades, reported.The board voted unanimously in favor of the acquisition. The deal is expected to close this year, subject to the approval of Twitter's shareholders.The official acquisition caps off a drama worth of a soap opera between the famously mercurial Musk and one of the world's most prominent social networks.The billionaire disclosed earlier this month that he had become Twitter's largest shareholder, and soon after proposed to buy the company outright and take it private.

The Good Place star Jameela Jamil is quitting Twitter and it’s all because of the sale of the platform to Elon Musk.

Zack Sharf Donald Trump confirmed to Fox News that he will not return to Twitter despite the company’s sale to Elon Musk. Trump plans to use his own social media platform, the recently-launched Truth, for all of his social media needs moving forward. The Truth app launched earlier this year to several glitches, but it did hit the No.

Billionaire Elon Musk is set to buy Twitter for approximately £34.5 billion after reaching an agreement with the company.

Billionaire Elon Musk has reached an agreement to acquire Twitter for approximately $44 billion, the company said.

Twitter and Elon Musk are said to be close to clinching a sale of the social media giant to Elon Musk after the Tesla CEO came through with finanancing late last week.

Elon Musk is making a bid to buy social media giant Twitter. The billionaire owner of Tesla said he has lined up $46.5 billion in financing to buy the platform and negotiations between the two parties are understood to be underway.

Naman Ramachandran The 11-member Twitter board met on Sunday to consider billionaire Elon Musk’s $43 billion takeover offer for the social media company, according to reports.Musk “wooed many of the social media company’s shareholders with financing details on his $43 billion acquisition offer,” according to Reuters which quoted people familiar with the matter. “The company’s decision to engage with Musk… does not mean that it will accept his $54.20 per share bid,” according to Reuters.

Todd Spangler NY Digital EditorTech billionaire Elon Musk is moving forward with his potential bid to acquire Twitter, revealing that he has lined up $46.5 billion in financing for a possible tender offer for the company.The financing was disclosed in an SEC filing Thursday. Musk’s financing includes commitments from Morgan Stanley and “certain other financial institutions.”According to the filing, Musk has not yet determined whether he will make a tender offer for Twitter or whether he will take other steps to further the proposal.Last week, Musk — the CEO of Tesla and SpaceX who is the wealthiest person on the planet — proposed to buy Twitter for about $43 billion in a hostile takeover, offering $54.20 per share for the social media company.

Manchester United fans are pleading with Tesla owner Elon Musk to buy the club from the Glazer family.

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company. Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago. Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

Billionaire Elon Musk has offered to buy Twitter for about US$41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN.

Patrick Frater Asia Bureau ChiefElon Musk, the controversial billionaire, has made an offer to buy all of social media group Twitter for $43 billion, according to a filing made Thursday morning.The move comes just days after the Tesla pioneer revealed that he had bought a 9% stake in the company and followed that by announcing that he would join its board of directors. That quickly proved unpopular and Musk and the board did a U-turn, announcing it for the best that he did not form part of the boardroom.

Elon Musk has been filed with a lawsuit by Twitter investors for failing to disclose that he had bought a substantial stake in the company.The Tesla chief revealed on April 4 that he had acquired a 9.2 per cent stake in the social media platform.Shares in Twitter soared as investors viewed the move as a vote of confidence, according to The Guardian.But federal trade laws require that investors notify the US Securities and Exchange Commission (SEC) after surpassing a 5 per cent stake in a company within 10 days. Musk acquired his shares on 14 March but did not make that public until over two weeks later.A new lawsuit filed in New York yesterday (April 12) alleges, in the time between passing the 5 per cent threshold and publicly reporting, Musk was able to buy up additional shares at a deflated price.Experts estimate that the delay may have resulted Musk netting $156million (£120million), according to The Washington Post.The lawsuit seeks class action status on behalf of investors who sold Twitter stock during that time who claim they lost out on gains they would have been aware of had Musk disclosed his stake earlier.After Musk disclosed his stake, Twitter shares rose 27 percent from $39.31 to $49.97.

Twitter shareholders are going after Elon Musk.