May 28, 2022

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Elon Musk hits pause on Twitter deal after aggressive pursuit

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

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

Our Standards: The Thomson Reuters Trust Principles.

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