Updated Apr 25, 2022, 08:59am EDT Topline Twitter is closing in on a deal to sell itself to billionaire Elon Musk that could be announced as soon as Monday, Reuters and Bloomberg reported, citing people familiar with the situation. Key Facts Twitter is considering accepting Musk’s original offer to pay $54.20 per share in cash,…
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After rebuffing Elon Musk’s initial overtures, Twitter’s board on Monday said it will take Musk’s $44 billion offer for the company, ending a weeks-long saga over whether the company would accept his unsolicited bid. “The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and…
Russian-backed forces in eastern Ukraine’s Donbas region have captured a very rare Ukrainian T-64BM Bulat tank. The roughly 100 Bulats that Ukraine’s tank plant in Kharkiv produced starting in the 1990s never really work as advertised. Into storage they went ... until the Ukrainian army apparently got desperate enough to send some of them to…
The financials of the leveraged buyout are sketchy, but more important, the Tesla CEO is not up to the task of running a media company.
The head of machine learning for the ride-sharing service Lyft Inc. is joining the Pentagon to head up its new data and artificial intelligence office.
Jason Kelly, Michael Barr and Mike Lynch follow the money in the world of sports, taking listeners inside decisions that power the multibillion dollar industry.
Dip buyers have gone AWOL during the latest slide in Chinese tech stocks.
Sri Lanka’s cabinet approved a plan to abolish constitutional amendments that gave President Gotabaya Rajapaksa wide-ranging executive powers, acceding to one of the key demands from citizens protesting his economic policies as the ruling family tries to stay…
Financial institutions find themselves at a critical moment in time when ESG has become a top priority for business and governments’ leaders.
Simon Property Group and Brookfield Asset Management are offering to acquire retailer Kohl’s Corp. in a deal that would be worth more than $8.6 billion, according to a report in the New York Post.