Elon Musk completed his $44 billion acquisition of Twitter in October 2022, making the social media platform privately owned. He financed the deal through $13 billion in loans along with $27.5 billion from equity investors. Upon acquiring Twitter, Musk fired several top executives including the CEO and CFO, avoiding large payouts they were entitled to through termination without cause.

1. THE BIRD IS FREE

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

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

7. Top 3 Twitter Executives Fired?

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?

10. IT companies against Moonlighting
• Wipro • TCS • Infosys