buyout | ABS-CBN News

Metro Pacific says 'has not disposed' any stake in Maynilad

ABS-CBN News
Posted at Mar 24 09:34 AM

Metro Pacific Investment Corp said on Friday it did not dispose any or all of its stake in the west zone water utility concessionaire Maynilad Water Services Inc following social media reports that the firm has been sold to Enrique Razon. Read more »

Elon Musk says he will step down as Twitter CEO once successor found

Glenn Chapman, Agence France-Presse
Updated as of Dec 21 11:57 AM

Elon Musk late Tuesday in the US said he will resign as chief executive of Twitter once he finds a replacement, in apparent respect of a poll he himself launched that revealed users wanted him to step down. Read more »

Twitter exodus begins after Musk 'hardcore' ultimatum

Agence France-Presse
Posted at Nov 18 10:08 AM

Employee departures were multiplying at Twitter on Thursday after an ultimatum from new owner Elon Musk, who demanded staff choose between being "extremely hardcore" and working intense, long hours, or losing their jobs. Read more »

Twitter security chief resigns as Musk sparks 'deep concern'

Agence France-Presse
Updated as of Nov 11 12:24 PM

A top security officer for Twitter resigned as new owner Elon Musk's revamp of the platform saw a boomlet of fake accounts, drawing a rare warning from US regulators. Read more »

Elon Musk sells nearly $4B in Tesla stock: SEC filing

Agence France-Presse
Posted at Nov 09 10:41 AM

Tesla chief Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed, more than a week after he closed his $44 billion acquisition of Twitter. Read more »

Twitter layoffs begin as Musk launches overhaul

Julie Jammot, Agence France-Presse
Updated as of Nov 05 12:58 AM

Twitter said it will start laying off employees on Friday, as the new billionaire owner Elon Musk moves quickly after his big takeover to make the messaging platform financially sound. Read more »

More advertising woes for Musk's Twitter as brands hit pause

Agence France-Presse
Posted at Nov 04 08:56 AM

Top global companies, including General Mills and Volkswagen, suspended their advertising on Twitter on Thursday as pressure builds on Elon Musk to turn his platform into a successful business Read more »

Musk tweets 'the bird is freed' with Twitter takeover complete

Agence France-Presse
Posted at Oct 28 01:25 PM

Elon Musk tweeted 'the bird is freed' after taking control of Twitter in a deal that puts him at the helm of a platform for global discourse. Read more »

Elon Musk takes control of Twitter, fires executives: US media

Agence France-Presse
Updated as of Oct 28 10:18 AM

Elon Musk took control of Twitter and fired its top executives, US media reported late Thursday in the US. Read more »

Musk says he's 'excited' about buying Twitter, but overpaying

Agence France-Presse
Posted at Oct 20 10:12 AM

Elon Musk said he is 'excited' about taking over Twitter, even though he's spent months trying to break free of the $44 billion buyout contract. Read more »

Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal

Agence France-Presse
Posted at Oct 07 08:58 AM

A US judge suspended litigation on Elon Musk's proposed $44 billion acquisition of Twitter, giving the parties until October 28 to close the deal. Read more »

Musk says Twitter has refused to suspend litigation on buyout

Agence France-Presse
Posted at Oct 07 08:46 AM

Elon Musk asked a US judge to suspend Twitter's lawsuit over their troubled takeover negotiations after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation. Read more »

Twitter ex-security chief in Congress as shareholders back Musk buyout

Sarah Titterton with Glenn Chapman, Agence France-Presse
Posted at Sep 14 08:34 AM

Twitter whistleblower Peiter Zatko told the US Congress that the platform ignored his security concerns, with his testimony coming as company shareholders greenlit Elon Musk's $44 billion takeover deal. Read more »

Court clash shows Musk battle plan in Twitter fight

Glenn Chapman, Agence France-Presse
Posted at Aug 25 08:17 AM

Attorneys for Elon Musk and Twitter squared off in court over the key issue of fake accounts, showing potential battle lines for the trial over whether the Tesla boss can be forced to conclude his $44 billion buyout bid. Read more »

Elon Musk subpoenas former Twitter chief Jack Dorsey

Agence France-Presse
Posted at Aug 23 01:36 PM

Elon Musk has served former Twitter boss Jack Dorsey with a subpoena in a hunt for material to help him get out of buying the giant social media platform for $44 billion as agreed. Read more »

Twitter calls Musk merger withdrawal 'invalid and wrongful'

Agence France-Presse
Posted at Jul 12 09:02 AM

Twitter demanded that Elon Musk complete a proposed $44 takeover of the social media company, slamming the Tesla chief's withdrawal of his offer as "invalid and wrongful." Read more »

Elon Musk deal to buy Twitter in danger: report

ABS-CBN News
Posted at Jul 08 08:27 AM

-\The world's richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are an abundance of fake accounts. Read more »

Twitter holds firm on completing Musk buyout: chairman

Agence France-Presse
Posted at Jun 16 06:00 AM

Bret Taylor, who is also co-CEO of the software company Salesforce, reiterated the Twitter position that the agreement should be finalized. Read more »

Twitter shareholder lawsuit accuses Musk of 'market manipulation'

Agence France-Presse
Posted at May 27 08:25 AM

Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock price in order to either give himself an escape hatch from his $44 billion buyout bid, or room to negotiate a discount. Read more »

Filing says Elon Musk to borrow less in Twitter bid

Agence France-Presse
Posted at May 26 09:07 AM

Elon Musk notified US regulators that he will rely less on loans in his bid to buy Twitter, as he and partners put $33.5 billion into the deal. Read more »