May 28, 2022



Elon Musk hits pause on Twitter deal after aggressive pursuit

1 min read

Elon Musk looks at his mobile phone in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper

Register now for FREE unlimited access to

May 13 (Reuters) – Elon Musk on Friday put his $44-billion Twitter offer on temporary hold, sending the shares of the social media company into a tailspin.

Twitter stock has consistently traded below Musk’s offer price of $54.20 per share since the announcement of the dealon April 14, wiping off over $2 billion from the company’s market capitalization. read more

Below is a snapshot of the Twitter takeover saga.

Tesla and Twitter shares move on Musk’s stake disclosure and offer to buy social media company
Register now for FREE unlimited access to

Reporting by Akash Sriram and Yuvraj Malik in Bengaluru; Editing by Sweta Singh and Shinjini Ganguli

Our Standards: The Thomson Reuters Trust Principles.

Tech News | Today’s Latest Technology News

Leave a Reply

Your email address will not be published.