Search

News

Elon Musk’s proposed $46.5 billion takeover offer for Twitter
... potential deal. A hostile takeover attempt by Mr. Musk , who is the world's richest person, will put more pressure on the board with their backs against the wall in this Game of Thrones battle for Twitter , according to an analyst at investment firm Wedbush Securities. Earlier this month, Mr Musk refused a seat on Twitter 's board, which would have limited the shares he was allowed to own. He made an unolicited offer for the company on April 14th. The board of Twitter announced a plan to protect itself ...
Updated: 04/27/2022
Tesla shares tumble 12.2% on worries over Musk’s sale
... contribution to the $44 billion acquisition of Twitter . The 12.2% drop in Tesla shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, equal to the cash stake he committed to the Twitter deal. Dan Ives , an analyst at Wedbush Securities, said worries about the upcoming stock sales by Musk and the possibility that he is distracted by the Twitter venture are weighing on the electric carmaker's shares. He said that this is causing a bear festival on the name. If Tesla 's share ...
Updated: 04/27/2022
Tesla shares plunge on investor concerns over Musk’s Twitter deal
... publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla 's shares on Tuesday was the equivalent of a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal. Wedbush Securities analyst Daniel Ives said that he was worried about the upcoming stock sales by Musk and the possibility that he is distracted by Twitter weighed on Tesla shares. He said this is causing a bear festival on the name. The share plunge came ...
Updated: 04/27/2022
Tesla on pace to lose $100 billion in one day as investors fear Elon Musk will sell shares
... personally guarantees. It is known that Musk is using Tesla shares as collateral in the transaction. That has led to investors worried that the Tesla chief executive may sell some of his stake in order to fund the Twitter acquisition. Daniel Ives , Wedbush analyst Daniel Ives said that concerns are causing a bear festival in the name. More on this topic. There are five reasons why you should care about Elon Musk buying Twitter . Arthur Hogan, chief market strategist at National Securities Corp. , said Tesla had three strikes against it today, despite the concerns about a share sale and a wider selloff in growth stocks. Tesla reported last week blockbuster quarterly results and has outperformed most of the high-profile growth ...
Updated: 04/26/2022
Tesla stock plummets as investors fear Elon Musk will sell shares to fund Twitter takeover
... cover the $21 billion equity piece he personally guarantees. Musk is using Tesla shares as collateral in the transaction. It has resulted in investors fear that the Tesla chief executive may sell some of his stake to fund the Twitter acquisition. Wedbush analyst Daniel Ives said that concerns are causing a bear festival in the name. Arthur Hogan , chief market strategist at National Securities Corp, said Tesla had three strikes against it today because of concerns about a share sale and a wider selloff in growth stocks. In the last week, Tesla reported blockbuster quarterly results and outperformed most of the high-profile growth ...
Updated: 04/26/2022
Elon Musk seals deal to buy Twitter for $44 billion
... belief that if the public markets do not value a company, an acquirer will eventually do it. The transaction was approved by the board and is now subject to a shareholder vote. There are no regulatory hurdles, analysts said. Daniel Ives, an analyst at Wedbush, said the board of directors had its back against the wall when Musk detailed his financing package and no other bidders or white knights emerged. In a prepared statement, the company said Musk secured $25.5 billion of debt and margin loan financing and is providing a $21 billion equity commitment. It wasn't immediately clear what the breakup fee would be or who would run the new company. Its relatively small size is due to the outsized importance ...
Updated: 04/25/2022
Twitter shares up as board votes to reject Elon Musk's takeover offer
... Agrawal were quiet on the site, although both had used the site to post updates about the deal. Musk took a major stake in the firm earlier this month before making a formal purchase offer. In an interview with CNBC, Dane Ives , senior equity analyst at Wedbush Securities , said he thinks a deal seems to be on the table, based on the glide path. Musk lined up around $46.5 billion in financing last week to make the purchase happen, and Ives said that The board couldn't find a white knight, a second bidder. They ...
Updated: 04/25/2022
Elon Musk’s proposed takeover deal details revealed
... Wall Street banking giant Morgan Stanley . A number of Twitter shareholders contacted the company after Mr Musk announced the financing plan and urged them not to miss the opportunity for a potential deal. Dan Ives , an analyst at investment firm Wedbush Securities , said many investors will view the discussions as the beginning of the end for Twitter , with Musk likely to be on a path to acquire the company unless a second bidder comes in. A hostile takeover attempt by Mr Musk would put pressure on ...
Updated: 04/25/2022
Sort by relevance | Sorted by date