Elon Musk, the world’s richest person, acquired Twitter in a US$44 billion deal on April 25, 2022, 11 days after announcing his bid for the company. Twitter announced that the public company will become privately held after the acquisition is complete. In a filing with the Securities and Exchange Commission for his initial bid for the company, Musk stated, “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.” Musk originally disclosed a stake in Twitter of approximately 9% earlier in April, fueling speculation that he planned to influence the company.2 Analysts initially speculated that Musk may have sought a seat on the company's board in order to exert influence over company policies. Shortly thereafter, however, he backed out of the planned board seat and stated his intention to buy the company. Musk offered to acquire Twitter for $43 billion on April 14.3 On April 15, Twitter's board adopted a limited duration shareholder rights plan, known as a "poison pill," in an apparent attempt to block Musk's acquisition.4 Musk's history with Twitter is complicated—in 2018, the U.S. Securities and Exchange Commission (SEC) mandated that the Tesla executive receive pre-approval for certain tweets regarding the electric vehicle maker. In March 2022, regulators said that they could subpoena Musk regarding his tweets.5 According to Musk, the hold was put in place pending details to support the service’s estimate that less than 5 percent of its measured daily active users are bots or spam accounts. Specifically who needed to be convinced, and why, was left unclear, and the price of the company’s shares dived amid the confusion. While Musk has not shared any more about the status of the deal beyond tweeting that he’s “still committed” to the acquisition, Agrawal went on to say, “We shared an overview of the estimation process with Elon a week ago and look forward to continuing the conversation with him, and all of you.” He said the company doesn’t believe estimates can be performed externally, since even understanding which accounts Twitter counts in its monthly Daily Active Users report requires private information.

1. DepartmentalActivity on the topic “A
case study on –Acquisition of Twitter
by Elon Musk”
Presented by : (Group no. -09)
Anjali Kumari - 55
Ejaz Ahmad - 32
Devashish Soren - 24
Vaishali Patwari - 19
Sudip Bose - 27
Ekrama Faiyaz - 33

2. TABLE OF
CONTENTS
 INTRODUCTION
 TIMELINE OF ELON MUSK
 BUSINESS DEVELOPMENT
 OTHERS INVENTIONS AND INNOVATIONS
 CHALLENGES FACED BY ELON MUSK
 PROPOSED ACQUISITION OF TWITTER
 PROS AND CONS
 CONCLUSION

3. Born on – 28th june (1917)
Place of birth – Pretoria (South Africa)
Parents – Musk’s Mother (Maye musk)
Musk’s father (Errol musk)
Education – University of queen,
University of Pennyslania ,
Stanford University.
Founder - Space X, Tesla motor, Solar
city etc.

4.  In 1995 – Zip2
 In 1999 – X.com
 In 2002 – PayPal
 In 2002 – Space X
 In 2004 – Tesla
 In 2006 – Solar City
 In 2015 – Open AI
 In 2016 – Neuralink
 In 2017 – The Boring Company
 In 2022 – Twitter

5. Space X, Tesla, Solar City, The Boring company etc.
1) SPACE X
• His company Space X became the first privately funded company to launch a rocket
into the orbit, bagging a $1.6 Billion investment from NASA and another $1 Billion in
funding from Google and Fidelity.
• In March 2017, Space X saw the successful test flight and landing of a Falcon 9 rocket
made from reusable parts, a development that opened the door for more affordable space
travel.
• He Has a plan to colonize the planet Mars. His main goal is to drop the cost of
interplanetary travel to close to $100,000. • The current price is at around 10 billion
dollars.
• Space X is now privately valued at $33.3 billion

6. 2. TESLA
• Musk is the co-founder, CEO and product architect at
Tesla Motors, a company formed in 2003 that is
dedicated to producing affordable, mass-market
electric cars as well as battery products and solar roofs.
• Tesla Model S was the first premium electric sedan in the world the model asked
vehicle which Tesla launched in 2012 was the world's first premium 100%
electric vehicle.
• Tesla Autopilot is an advanced driver-assistance system feature offered by Tesla
that has lane centering, adaptive cruise control, self-parking, the ability to
automatically change lanes, and the ability to summon the car to and from a
garage or parking spot.
3. SOLAR CITY
• Solar City was acquired by Tesla, Inc. in 2016 and is currently owned subsidiary of
Tesla.
• The best thing is that the price for buying the model 3 is cheaper than buying a petrol car and
paying for petrol for one year the price of the magical rooftop that captures solar energy will
be lower than that of a normal roof.

7. • The structure has a footprint of more than 1.9 million square feet roughly equals to 100 football
fields. • The factory is designed to produce millions of lithium-ion batteries more batteries
annually than the entire human species produced ever.
4. THE BORING COMPANY
• Musk founded The Boring Company in December 2016 on the premise that finding fast and
effective ways to dig networks of tunnels for vehicles and high-speed trains would end traffic
congestion.
• The Boring Company has landed some contracts with cities, but nothing that uses hyper loop or
high-speed transport.
• According to planning documents submitted by The Boring Company, those tests would
consist of: an automotive vehicle driven onto a "skate" above ground, the engine turned
off, the vehicle (with passengers inside) lowered into the tunnel spur, moving the vehicle
(possibly on the skate) through the tunnel, and then raising the vehicle on a skate to the
surface at the other end of the test track, near the Space X facility.

8.  In August 2013, Elon Musk released a concept for a new form of
transportation called the "Hyper loop," an invention that would foster
commuting between major cities while severely cutting travel time.
 Elon Musk has pursued an interest in Artificial Intelligence, becoming co-
chair of the non-profit Open “AI”. The research company launched in late
2015 with the stated mission of advancing digital intelligence to benefit
humanity.
 In 2002 he started The Musk foundation . Elon Musk launched an other
innovation “The Boring Company” ,suddenly deciding he was going find a
way to reduce traffic by devoting resources to boring and building tunnels.

9.  From a very young age musk was bullied at school.
 while on a vacation to his native country South Africa, he
experienced a near-death experience.
 At Space X he was on the verge of bankruptcy and had money for
only one launch.
 After pumping all his money into Tesla and Space X, Musk was
running dry. Musk was living on personal loans from friends since
October 2009.

10.  Elon musk is a great business magnate offered to purchase American social media
company Twitter, inc. for $43 billion .
 Elon musk becoming largest shareholders of the acquisition 9.1% of the company’s
stock for $ 2.64 billion.
 This musk informed Taylor that his offer was best & final, urging him to accept in a
letter.
 On April 25, 2022 the twitter board of director agreed to a $44 billion buyout by Elon
musk, the CEO of space X and Tesla, potentially insisting. .
.
 It is one of the largest deals to turn a company.

11. Pros and Cons of
acquisition
PROS
• Inclusive membership
• Clearing out bots and
spam
• New features
CONS
• Reality of free speech
• The democracy gap
• The profit question

12.  The story of Elon Musk is a different one, he is built like a machine
and he will take head on any challenges even if the odds are high.
 Space X is the most fascinating of his companies.
 Though all the challenges he faced he knew that he was going to
make it happen and did whatever he could.
 Elon Musk is expected to serve as a temporary CEO of twitter for
few months after the completion of his 44$ billion takeover .
 The bigger the problems you solve in life, the better your life will be.