Sci & Tech
Twitter Directors Okays Musk’s Acquisition Deal
Twitter’s board of directors unanimously advised shareholders Tuesday to approve Tesla CEO Elon Musk’s bid to purchase the social media giant for $44 billion.
“The merger agreement is advisable and the merger and the other transactions contemplated by the merger agreement are fair to, advisable and in the best interests of Twitter and its stockholders,” the board said in a filing to the Securities and Exchange Commission (SEC).
Musk, who previously bought a 9.2% stake in Twitter, made an offer of $54.20 per share for the company in his notification to the SEC on April 14.
Twitter announced on April 25 that a deal had been reached for the sale of the company to Musk, but Musk said on May 13 that it had been temporarily suspended.
In a post on his Twitter account, he said the deal was on hold pending “details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
DCI Probe Reveals How Conrad Law Advocates Was Used To Funnel Stolen Millions In Fake Ambulance Deal
Allan Chesang Caught on Another Con Game? After Laptop Scamming, Now Fake Ambulance Fraud Hits
DARFUR SULTAN CAUGHT ON TAPE: War-Linked Figure Runs Red Lights in Nairobi With Impunity
How EADB Threw Tuju Under The Bus
Dubai-Bound Ships Storm Kenya’s Ports as Iran Locks Down the Persian Gulf
World Bank Bans 3 PwC African Subsidiaries
THE RUTO HAND IN TUJU’S FALL: How a President-Linked Petroleum Baron Walked Away With Sh3.5 Billion Karen Land for Sh450 Million
Ali Larijani, Believed To Be Running Iran Since The Beginning Of The War, Is Killed In A Strike
Seven Suspects Charged over Ksh60M Harambee house scandal.
‘They Will Eat You Alive’: Retired Teacher Warns Against Bashy African Credit as Sh500,000 Loan Spirals Into Sh1.5 Million Fight
Kenya Strips Dutch Climate Body of Diplomatic Immunity Amid Donor Fraud Scandal and Allegations of Executive Capture
How Little-Known Pesa Print, Linked to State House Tycoons, Won NTSA Tender Worth Sh42 Billion in Traffic Fines
Ex-Inchcape Kenya CEO Sanjiv Shah Charged With Bank Fraud
A UN Director Based in Nairobi Was Deep in an Intimate Friendship With Epstein — He Even Sent Her a Sex Toy
Waweru’s Bank Pockets Sh1.16 Billion from KPC IPO While Ordinary Kenyans Fled the Sale
Tuju Forcefully Removed From His Karen Property With Masked Officers In Unmarked Vehicles In Early Morning Raid
Named: Havi Says Mutava Confessed He Was Collecting The Bribe For Lady Justice Josephine Mongare, So Why Is JSC Still Silence?
The Man With The Golden Pen: How NLC’s Joel Ombati Is Accused Of Masterminding Kenya’s Biggest Infrastructure Land Heist
Talanta Stadium Construction Cost Inflated By Sh11 Billion, Audit Reveals
The New Master of the Nation: How a Tanzanian Billionaire With a President in His Pocket Just Bought Kenya’s Most Powerful Press
-
Investigations2 weeks agoHow Little-Known Pesa Print, Linked to State House Tycoons, Won NTSA Tender Worth Sh42 Billion in Traffic Fines
-
Business2 weeks agoWaweru’s Bank Pockets Sh1.16 Billion from KPC IPO While Ordinary Kenyans Fled the Sale
-
News1 week agoTuju Forcefully Removed From His Karen Property With Masked Officers In Unmarked Vehicles In Early Morning Raid
-
News1 week agoNamed: Havi Says Mutava Confessed He Was Collecting The Bribe For Lady Justice Josephine Mongare, So Why Is JSC Still Silence?
-
Investigations2 weeks agoThe Man With The Golden Pen: How NLC’s Joel Ombati Is Accused Of Masterminding Kenya’s Biggest Infrastructure Land Heist
-
Business2 weeks agoThe New Master of the Nation: How a Tanzanian Billionaire With a President in His Pocket Just Bought Kenya’s Most Powerful Press
-
Investigations2 weeks agoSOLD TO THE BULLET: How the Bodyguard Handed MP Ong’ondo Were to His Killers
-
Development2 weeks agoKPA To Be Dissolved, Replaced By A Liability Firm As Govt Sets To Privatise Lamu Port And Two Mombasa Berths