The free to use service is updated by volunteers and relies on donations to keep afloat
Tech1 week ago
Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to Tesla CEO Elon Musk, according to a regulatory filing on Tuesday.
Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter remain far below his offering price, signalling considerable doubt that it will happen.
On Tuesday at the Qatar Economic Forum in an interview with Bloomberg, Musk listed the approval of the deal by shareholders as one of several “unresolved matters” related to the Twitter deal.
ALSO READ:
Shares of Twitter Inc. were essentially flat just before the opening bell on Tuesday and far short of the $54.20 per-share that Musk has offered to pay for each. The company’s stock last reached that level on April 5 when it offered Musk a seat on the board before he had offered to buy all of Twitter.
In a filing with the US Securities and Exchange Commission on Tuesday, Twitter’s board of directors said that it “unanimously recommends that you vote (for) the adoption of the merger agreement.” If the deal were to close now, investors in the company would pocket a profit of $15.22 for each share they own.
The free to use service is updated by volunteers and relies on donations to keep afloat
Tech1 week ago
The payment method will deliver 'larger opportunities for creators'
Tech1 week ago
Flippy 2 robotics solution can independently do work of an entire fry station
Tech1 week ago
Parent company Meta to settle allegations of allowing bias in who saw housing advertisements
Tech1 week ago
The actions reflect efforts by leading cloud providers to rein in sensitive technologies on their own
Tech1 week ago
Creators will be able to earn more as tech giant promises to 'hold off on revenue sharing' until 2024
Tech1 week ago
Microsoft scaled down support for the once omnipresent Internet Explorer on Wednesday
Tech1 week ago
They were fired for making other staff feel "uncomfortable, intimidated and bullied"
Tech1 week ago