What's this? This is an unbiased just-the-facts news timeline ('newsline') about Elon Musk, created by Newslines contributors. Help it grow by finding and summarising news. Learn more

Elon Musk

Elon Musk159 posts

Elon Musk is a South-African born Canadian-American engineer, inventor, and entrepreneur, born in 1971. He was a co-founder of PayPal, which was sold to Ebay for $1.5 billion. He then founded Space Exploration Technologies (SpaceX) and Tesla Motors. He is chief executive and chief designer at SpaceX and CEO and head of product design at Tesla and chairman of Solar City. Musk purchased Twitter in September 2022.

4 Oct, 2022

Musk to buy Twitter at original price, share trading halted

Acquisition

Trading in Twitter shares is halted as the stock spiked following reports that Musk is planning to buy the company for his original offer price of $54.20 per share. The shares had been up by 13% at $47.95 before trading was paused following the news. Twitter and Musk were due to be in court later this month as the company attempted to hold Musk to his original $44bn offer, made in April.

Musk had wanted to back out of the deal over the number of bot accounts on the platform, which he said was above Twitter’s estimate of 5% of users. The takeover deal has already received approval from Twitter shareholders.

What's this? This is an unbiased just-the-facts news timeline ('newsline') about Elon Musk, created by Newslines contributors. Make it grow it by finding and summarising news. Learn more