Twitter Stock Surges 27% After Elon Musk Becomes Biggest Shareholder

Elon Musk is serious about that offer.

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.

Elon Musk is the richest man on the planet, and according to Forbes, he has an estimated fortune of $272.5 billion. With a fortune like that, many people would think the tech mogul owns multiple properties in the United States, castles in Europe, extravagant residences in Asia, or even a private island in the Caribbean. But, in actuality, Musk seems to live a very different life.

The latest installment of Saturday Night Live’s Weekend Update remembered late comedian Gilbert Gottfried, who died on Tuesday after a lengthy illness. He was 67.

William Earl “Saturday Night Live” served up Bowen Yang in an Easter Bunny costume for a cold open that took aim at Elon Musk’s bid for Twitter, Britney Spears’ baby news, the embattled Majorie Taylor Greene and the incoherent ramblings of Donald Trump.The cold open began with a nod to the Coachella music festival that began this weekend in Indio, Calif. Yang began the sketch by assuring the audience that they really are seeing him dressed up in a pink-and-white bunny costume — “either that or you’re at Coachella and the ‘shrooms are kickin’ it.”“SNL” star Kate McKinnon donned her Dr.

Twitter said Friday it’s Board of Directors has unanimously adopted a limited duration shareholder rights plan, also called a poison pill, following Elon Musk’s unsolicited proposal to acquire the social media company.

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.

filed a securities fraud lawsuit against Tesla CEO Elon Musk for his late disclosure of his stake in Twitter — a delay that the lawsuit claims saved Musk some $143 million.The claim filed in New York claims that the late disclosure simultaneously cost Twitter shareholders that sold stock between March 24 and April 1. The complaint stated that Musk waited days to declare his investments of more than a 5% stake.

Twitter shareholders are going after Elon Musk.

Chief of executive of electric car company Tesla, Elon Musk, is being sued by Twitter Inc shareholders.

William Earl Elon Musk is facing a federal lawsuit from a group of Twitter shareholders who claim the Tesla founder failed to properly disclose his purchases of the social media giant’s stock.The suit filed Tuesday in U.S. Southern District of New York asserts that Musk was 10 days late in filing his legally mandated disclosure form after amassing more than 5% of Twitter shares with a buying binge that started in January.The suit, filed by Marc Bain Rasella, asserts that Musk had reached the 5% disclosure threshhold by March 24 but he didn’t file the proper paperwork until April 4.

Elon Musk has decided not to join the board of Twitter.His appointment was due to take effect over the weekend after he bought a 9.2 per cent stake in the social media platform last week.But the company’s chief executive Parag Agrawal has today (April 11) announced that Musk “has decided not to join our board”.“The Board and I had many discussions about Elon joining the board and with Elon directly,” he wrote in a lengthy tweet. “We were excited to collaborate and clear about the risks.

Tesla CEO Elon Musk won’t be joining Twitter’s board of directors as previously announced. The tempestuous billionaire remains Twitter’s largest shareholder.

Billionaire Elon Musk has always been unpredictable, and once again, he delivered a surprise.

One of the most surprising people set to to testify in the defamation trial for Johnny Depp and Amber Heard is Tesla CEOElon Musk. Elon is expected to testify via video call during the trial, via court documents. The SpaceX founder has been subpoenaed to turn over all communications that he had with Amber about her ex-husband, as well as all the messages from various points in their alleged relationship. Many texts are expected to be read and released as a result of the trial. Find out all the details about why Elon is being called on to testify here.