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Elon Musk has registered three companies in Delaware under the name "X Holdings" to support his bid to buy Twitter and take the social media giant private.  Ticker Security Last Change Change % TWTR TWITTER INC. 48.93 +1.89 +4.02% According to a filing with the Securities and Exchange Commission on Wednesday, X Holdings I would serve as the parent company overseeing a potential transaction, while X Holdings II would merge with Twitter and be used to purchase its outstanding common stock. A separate SEC filing adds that X Holdings III would be used to help fund the transaction. HOUSE REPUBLICANS CALL ON TWITTER TO PRESERVE ELON MUSK'S TAKEOVER BID RECORDS Musk is exploring whether to commence a tender offer to acquire all outstanding shares of Twitter's common stock, citing the board's lack of response to his $54.20 per share offer. Musk says he has received commitments of approximately $46.5 billion to help finance a potential deal, including roughly $21 billion in equity financing and around $25.5 billion in debt financing through Morgan Stanley Senior Funding and other firms, including Bank of America, Mizuho Bank, Barclays, MUFG, Société Générale and BNP Paribas. Twitter headquarters in San Francisco Oct. 27, 2021.  (Tayfun Coskun/Anadolu Agency…

Back in October 2021, Stripe announced that it would be re-entering the cryptocurrency market — ending a four-year hiatus with hype around crypto definitely not abating. Today, some six months later, it’s rolling out a new service — initially with one partner, Twitter — to get some activity going on its network. The payments giant is adding crypto payouts to Connect, its programmatic (API-based) payouts platform; and Twitter will be the first platform to let people get payouts in crypto using it. For some background… Twitter already uses Connect to power various monetization services aimed at creators that it’s already offering or testing out in limited release, which include things like Tips, Super Follows and ticketed Spaces events. Connect is available in local currencies already in 70 countries. Twitter’s monetizing service is not, but this gives it the potential to expand at some point. Added to this, Stripe last month released a series of APIs and other tools for developers to start integrating Stripe’s crypto features. Support to use fiat currencies to buy more than varieties of 135 crypto tokens (not a fragmented market at all!), cash-out facilities, NFT trading and compliance features like Know Your Customer (KYC) were among…

Elon Musk says he has lined up $46.5 billion in financing to buy Twitter, putting pressure on the company’s board to negotiate a deal.Last week, Musk announced an offer to buy the social media platform for $54.20 per share, or about $43 billion. At the time, he did not say how he would finance the acquisition. The Tesla CEO said Thursday in documents filed with U.S. securities regulators that the money would come from Morgan Stanley and other banks, some of it secured by his huge stake in the electric car maker.Twitter has yet to formally respond to Musk’s offer, but the company has enacted an anti-takeover measure known as a poison pill that could make a takeover attempt prohibitively expensive.The company said in a statement Thursday that it received Musk’s updated proposal and “new information on potential financing” and said its board is “committed to conducting a careful, comprehensive and deliberate review.”Musk, who owns about 9% of Twitter shares, indicated that he’s exploring what’s known as a tender offer in which Musk would try to get other shareholders to pledge their stock to him at a certain price on a certain date, bypassing the board. If enough shareholders agree,…

By Sam Becker 2 minute ReadWhen Elon Musk tweeted “Love Me Tender” on April 16, he wasn’t sharing his favorite Elvis Presley song, he was foreshadowing his next move in his attempt to take over Twitter. Musk is currently exploring a tender offer on the social media network, according to a new filing with the U.S. Securities and Exchange Commission (SEC), which notes that Musk has $46.5 billion committed to help secure a deal. The tender offer would be, in effect, a hostile takeover attempt by Musk following his initial offer to buy Twitter for $54.20 per share, or more than $40 billion in cash. That offer was largely met with crickets from Twitter’s board—and the adoption of a “poison pill” strategy that would dilute his stake if he purchased more than 15% of the company. He is now exploring a potential tender offer in order to take control of the company. Musk is the second-largest Twitter shareholder behind Vanguard Holdings, and by buying up more shares through a tender offer, he could become its largest, while gaining a controlling interest in the company. Morgan Stanley, which is Twitter’s third-largest shareholder, leads Musk’s updated funding commitment, according to the SEC filing.A…

Hashtag #JusticeForJohnnyDepp became Twitter trend worldwide after the Hollywood star testified in a defamation case against his former wife Amber Heard.He said on Wednesday that she was the one who became violent in their relationshipand that her false accusations cost him "nothing less than everything."In a second day on the witness stand in a Virginia courtroom, Depp said the couple had frequent arguments that included "demeaning name calling" and "bullying" by Heard."It seemed like pure hatred for me," Depp said. "If I stayed to argue, eventually, I was sure it was going to escalate into violence, and oftentimes it did.""The Pirates of the Caribbean" star, 58, is suing Heard, 35, for $50 million after she accused him of abuse.

Technology|Why Everyone Wants to Buy Twitterhttps://www.nytimes.com/2022/04/20/technology/elon-musk-twitter-potential.htmlElon Musk is the latest rich guy to have fallen for the trap of Twitter.For nearly its entire 16-year life, Twitter has had the reputation that it hasn’t fulfilled its potential and could be so much more. Twitter’s conundrum is that it’s widely known but not that widely used, financially successful but not wildly so, sometimes competently managed but also chaotic, and influential in a way that is exciting but also terrifying.The perpetual belief that Twitter is one big idea away from being amazing has made many people think about buying the company to make it shine, but hardly anyone wants to actually own it.Whether you’re hooked on Twitter or among the world’s majority that stays off the app, what happens to this company matters. Twitter is a digital gathering place that world leaders increasingly fear and want to control, and where elected officials, activists, journalists and executives like Musk spread their messages and settle scores.Musk made a half-baked proposal last week to buy Twitter that effectively put a for-sale sign on the company. What happens next is anyone’s guess.Maybe Musk will wind up owning Twitter, if he stays interested long enough to find moneybags…

The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.Elon Musk, Tesla’s chief executive, began accumulating Twitter shares in January and quickly amassed a 9.2 percent stake in the company.Credit...Susan Walsh/Associated PressApril 19, 2022Updated 7:05 p.m. ETElon Musk is racing to secure funding for his $43 billion bid to buy Twitter.Morgan Stanley, the investment bank working with Mr. Musk on the potential deal, has been calling banks and other potential investors to shore up financing for the offer, four people with knowledge of the situation said. Mr. Musk is first focused on raising debt and has not yet begun to seek equity financing for his bid, one of the people said.Mr. Musk is evaluating various packages of debt, including more senior debt known as preferred debt and a loan against his shares of Tesla, the electric carmaker that he runs, two of the people said. Apollo Global Management, the private equity firm, is among the parties considering offering debt financing in a bid for Twitter. The equity he needs is likely to be sizable.Mr. Musk is aiming to pull together…

Virat Kohli continues to have a hard time in IPL 2022 as the former Royal Challengers Bangalore captain was dismissed for a first-ball duck against Lucknow Super Giants in Match 31 of the season at the DY Patil Stadium in Mumbai. Virat Kohli's expressions became the talk on social media. (Screengrab) Virat Kohli continues to have a hard time in IPL 2022 as the former Royal Challengers Bangalore captain was dismissed for a first-ball duck against Lucknow Super Giants in Match 31 of the Indian Premier League season 15 at the DY Patil Stadium in Mumbai. Kohli walked out at the fall of opener Anuj Rawat’s wicket, but first ball from Dushmantha Chameera, the 33-year-old slapped the ball straight to Deepak Hooda at point. (Also Read: IPL 2022, LSG vs RCB Live Score)As Kohli realised that his stay in at the crease was only limited to one ball, Kohli wore a wry smile on his face, almost convinced as if luck continues to desert him. None the less, Kohli’s golden expression after getting dismissed for a golden duck got Twitter talking and set the social media platform on fire. Here are some of the tweets. This is Kohli's fourth golden duck…

What Elon Musk's Twitter Bid Says About 'Extreme Capitalism' Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. Patrick Pleul/POOL/AFP via Getty Images hide caption toggle caption Patrick Pleul/POOL/AFP via Getty Images Tesla CEO Elon Musk is pictured as he attends the start of the production at Tesla's "Gigafactory" on March 22, 2022 in Gruenheide, southeast of Berlin. Patrick Pleul/POOL/AFP via Getty Images This episode was produced by Mallory YU and Brent Baughman. It was edited by Sarah Handel, Uri Berliner, and Ashley Brown. Our executive producer is Cara Tallo.

If you’re having trouble keeping up with the ever-changing Elon Musk-Twitter takeover bid situation, you’re not alone. The confusion around what happened and when is understandable,  since the drama appears to have near-daily developments. So instead of clicking through hashtags on Twitter to find out what’s really going on, let us help you. Our neat little timeline below outlines all the main bullet points you need to know to make sense of this social media Succession-like situation. Getty Images/Digital Trends Graphic Musk begins buying up Twitter shares in batches “almost daily” January 31, 2022: While this story seems to have started in April, its beginnings really are rooted in January of this year. The Associated Press reports that regulatory filings showed that the Tesla CEO began buying Twitter shares on January 31 on an “almost daily” basis. Though few took notice, it’s clear Musk had an early interest in building up his stake in Twitter. Musk announces 9% stake in Twitter April 4, 2022: All those shares Musk bought eventually added up to him having a 9% stake in Twitter. This stake was reported on April 4 in a regulatory filing. This is the point at which the story becomes…