Elon Musk hits pause on Twitter deal after competitive pursuit

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Elon Musk seems to be at his cell phone in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Joe Skipper

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Might 13 (Reuters) – Elon Musk on Friday put his $44-billion Twitter be offering on transient cling, sending the stocks of the social media corporate right into a tailspin.

Twitter inventory has persistently traded underneath Musk’s be offering worth of $54.20 consistent with percentage because the announcement of the dealon April 14, wiping off over $2 billion from the corporate’s marketplace capitalization. learn extra

Beneath is a snapshot of the Twitter takeover saga.

Tesla and Twitter stocks transfer on Musk’s stake disclosure and be offering to shop for social media corporate
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Reporting through Akash Sriram and Yuvraj Malik in Bengaluru; Modifying through Sweta Singh and Shinjini Ganguli

Our Requirements: The Thomson Reuters Believe Rules.

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