2. Twitter controversy
• On 4th April 22, Elon musk bought a 9.2% stake in the company.
• Making him the largest shareholder of Twitter.
• It was announced by CEO Parag Agrawal that Twitter was appointing
Musk to its board
3. Musk made
unsolicited offer
to purchase
twitter
Twitter
responded with
a "poison pill"
strategy
Twitter's board
of directors
unanimously
accepted Musk's
buyout offer of
Musk
announced his
intention to
terminate the
agreement in
July.
The company
filed a lawsuit
against Musk
4. Acquisition
• Deal closed on 27th oct • Completed his $44
billion deal.
• Making it a privately
owned company
5.
6. • Elon Musk financing plan
$46.5 billion in equity and
debt financing
It will cover the $44 billion
price tag and closing
costs.
Loan from bank for $13
billion of the debt
financing.
0.54
2.37
4.3
2.8
Financing Plan
Expenses Equity Cash Debt
8. Contract that entitles top to
substantial benefits in case they
lose their jobs following a
merger, takeover or acquisition.
Twitter top executives to
get payout worth more
than $122 million after
being fired out by musk.
Musk to avoid payout
as he terminated them
with a “cause”
GOLDEN PARACHUTING
9. Moonlighting
• Introduced by swiggy for its employees in august.
• It is basically when an employee with full time job takes up a side job
for financial benefits.
• Major IT companies are against it and why?