Twitter shares to be suspended on NYSE
- October 27, 2022
- 0
As Elon Musk comes close to signing his $44 billion deal with microblogging platform Twitter, the New York Stock Exchange website said that shares of Twitter Inc will
As Elon Musk comes close to signing his $44 billion deal with microblogging platform Twitter, the New York Stock Exchange website said that shares of Twitter Inc will be suspended from trading on Friday.
The billionaire reportedly visited Twitter’s San Francisco headquarters yesterday and announced with a confidential reference that he was in charge of Twitter after updating his profile bio to ‘Chief Twit’. Earlier it was reported that he is still unable to complete the deal.
We also learned that investors such as Binance, Qatar Investment Authority, Sequoia Capital (an American venture capital firm) and others have obtained the necessary documents from Elon Musk’s lawyers to commit to raise funds.
The deal is Twitter Inc. to end a lawsuit filed by Musk sent a letter to Twitter terminating the deal after the whistleblower’s allegations. The company, along with other investors, expects the deal to be settled at initial terms of $54.20 per share. Shares of Twitter Inc. closed at $53.35 on Wednesday on the New York Stock Exchange. Source
Source: Port Altele
John Wilkes is a seasoned journalist and author at Div Bracket. He specializes in covering trending news across a wide range of topics, from politics to entertainment and everything in between.
