January 31: Musk begins shopping for shares of Twitter in near-daily installments, amassing a 5% stake in the company by mid-March.
March 26: Musk, who has 80 million Twitter followers and is lively on the website, stated that he’s giving ‘severe thought’ to constructing a substitute for Twitter, questioning free speech on the platform and whether or not Twitter is undermining democracy. He additionally privately reaches out to Twitter board members, together with his pal and Twitter co-founder Jack Dorsey.
March 27: After privately informing them of his rising stake in the company, Musk begins conversations with Twitter’s CEO and board members about probably becoming a member of the board. Musk additionally mentions taking Twitter non-public or beginning a competitor, in line with later regulatory filings.
April 4: A regulatory submitting reveals that Musk has quickly grow to be the largest shareholder of Twitter after buying a 9% stake, or 73.5 million shares, price about $3 billion.
April 5: Musk is obtainable a seat on Twitter’s board on the situation he amass not more than 14.9% of the company’s stock. CEO Parag Agrawal stated in a tweet that ‘it turned clear to us that he would carry nice worth to our Board.’
April 11: Twitter CEO Parag Agrawal pronounces Musk won’t be becoming a member of the board in spite of everything.
April 14: Twitter reveals in a securities submitting that Musk has provided to purchase the company outright for about $44 billion.
April 15: Twitter’s board unanimously adopts a ‘poison tablet’ protection in response to Musk’s proposed provide, trying to thwart a hostile takeover.
April 21: Musk strains up $46.5 billion in financing to purchase Twitter. Twitter board is beneath strain to barter.
April 25: Musk reaches a deal to purchase Twitter for $44 billion and take the company non-public. The outspoken billionaire has stated he wished to personal and privatize Twitter as a result of he thinks it isn’t residing as much as its potential as a platform at no cost speech.
April 29: Musk sells roughly $8.5 billion price of shares in Tesla to assist fund the buy of Twitter, in line with regulatory filings.
May 5: Musk strengthens his provide to purchase Twitter with commitments of greater than $7 billion from a various group of buyers together with Silicon Valley heavy hitters like Oracle co-founder Larry Ellison.
May 10: In a touch at how he would change Twitter, Musk says he’d reverse Twitter’s ban of former President Donald Trump following the Jan. 6, 2021 riot at the U.S. Capitol, calling the ban a ‘morally dangerous determination’ and ‘silly in the excessive.’
May 13: Musk stated that his plan to purchase Twitter is ‘ briefly on maintain.’ Musk stated that he must pinpoint the quantity of spam and pretend accounts on the social media platform. Shares of Twitter tumble, whereas shares of Tesla rebound sharply.
June 6: Musk threatens to finish his $44 billion settlement to purchase Twitter, accusing the company of refusing to present him details about its spam bot accounts.
July 8: Musk tells Twitter he’s terminating settlement as a result of agency would not hand over data on spam bots
July 12: Twitter recordsdata go well with looking for a court docket judgement forcing Musk to finish the merger at the agreed worth
July 19: A Delaware decide says the Musk-Twitter authorized dispute will go to trial in October
August 23: A former head of safety at Twitter alleges the company misled regulators about its poor cybersecurity defenses and its negligence in trying to root out faux accounts that unfold misinformation. Musk finally cites the whistleblower as a brand new cause to scuttle his Twitter deal
October 5: Musk presents to undergo along with his authentic proposal to purchase Twitter for $44 billion. Twitter says it intends to shut the transaction after receiving Musk’s provide
October 6: Delaware decide delays October 17 trial till November and offers each side till October 28 to succeed in settlement to shut the deal
October 20: Musk advised potential Twitter buyers that he plans to put off 75% of the company’s 7,500 staff, in line with The Washington Post
Wednesday, October 26: Musk posts a video of himself coming into Twitter headquarters carrying a kitchen sink, indicating that the deal is about to undergo
Thursday, October 27: Musk says Twitter received’t grow to be a ‘free-for-all hellscape’ in a message he despatched to advertisers
*Source: Associated Press