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“Elon Musk says he’s ‘obviously overpaying’ for Twitter” Tesla CEO Elon Musk admitted on Wednesday that he is “obviously overpaying” for Twitter — but the billionaire said he’s nonetheless “excited” to own the social media site. “Though myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter is…
“Spirit Airlines shareholders approve $3.8B merger with JetBlue” Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as the winner in a bidding war with Frontier to acquire Spirit, the nation’s biggest budget airline. Spirit announced…
“Rupert Murdoch explores recombining Fox and News Corp.” Rupert Murdoch is exploring recombining Fox Corp. and News Corp, two divisions of his media empire, the companies said Friday. Special board committees have been formed by both companies to look into a possible deal and evaluate possible financial terms. “At News Corp, we are constantly pursuing…
“Meet Kathaleen McCormick, judge in Elon Musk-Twitter trial” A lawyer for billionaire Elon Musk had barely begun speaking during a recent hearing when the Delaware judge presiding over Twitter’s lawsuit against Musk abruptly cut her off. “Skip the rhetoric and go to the meat,” Chancellor Kathaleen St. Jude McCormick said bluntly. The judge’s tone that…
“Elon Musk’s new offer to buy Twitter has workers spiraling” Elon Musk’s renewed offer to buy Twitter has employees at the social media platform once again in an uproar. Musk is in talks to acquire the social network for a whopping $44 billion — the original price floated when he was set to purchase Twitter…
“Most Twitter shareholders vote in favor of sale to Elon Musk” A majority of Twitter’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is Tuesday but enough investors had voted by Monday…
“Twitter whistleblower payment violated deal” Elon Musk’s lawyers said on Friday that Twitter’s decision to pay $7.75 million to a whistleblower gives the world’s richest person another justification for terminating his $44 billion agreement to purchase the company. In a letter to Twitter, the lawyers said Twitter’s failure to seek Musk’s consent before making the payment to Peiter Zatko violated…
“Trump’s Truth Social merger with SPAC faces collapse” A deal for Truth Social to merge with a Special Purpose Acquisition Company faces collapse unless shareholders in the blank-check vehicle vote on Tuesday to extend the agreement, The Post has learned. Patrick Orlando, the CEO of Digital World Acquisition, needs 65% of shareholders in his SPAC…
“Elon Musk wants ad tech firms’ data in latest Twitter battle” Elon Musk, who is attempting to walk away from his deal to acquire Twitter, is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter, according to filings in a Delaware court on…
“Elon Musk seeks to question Twitter workers on bots: report” Elon Musk’s legal team is demanding Twitter turn over the names of employees responsible for calculating what percentage of the social media site’s users are bot and spam accounts, according to a source familiar with the matter. Bot and spam accounts on Twitter have become a central issue in the…