(Reuters) - Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying "Love Me Tender", days after he took aim at Twitter Inc with a $43 billion cash takeover offer. After Musk's TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter's board and put the offer directly to its shareholders, tweeting: "It would be … [Read more...] about Musk tweets ‘Love Me Tender’ days after Twitter takeover offer
Explainer-How will Twitter’s board handle Elon Musk?
(Reuters) - Many investors, analysts and investment bankers expect Twitter Inc's board of directors to reject Elon Musk's $43 billion acquisition offer in the coming days as inadequate, but how would the social media company then proceed? Twitter shares dropped on Thursday after Musk unveiled his offer, as the market deemed it too low and too thin on financing details. … [Read more...] about Explainer-How will Twitter’s board handle Elon Musk?
Didi sets shareholder meeting to vote on U.S. delisting plans
(Reuters) - Didi Global Inc will hold an extraordinary general meeting (EGM) on May 23 to vote on its delisting plans in the United States, the company said in a statement on Saturday. The Chinese ride-hailing firm also said it will not apply for listing of its shares on any other stock exchange before completion of delisting of its American Depositary Shares (the … [Read more...] about Didi sets shareholder meeting to vote on U.S. delisting plans
China’s regulator says Didi delisting does not concern other U.S. listed Chinese firms
SHANGHAI (Reuters) - China's securities regulator said on Saturday that Didi Global decision to delist from New York Stock Exchange was a decision the Chinese ride-hailing giant made on its own based on the market and the company's own situation. Didi's delisting has nothing to do with other U.S.-listed Chinese stocks or ongoing efforts between Chinese regulators and their … [Read more...] about China’s regulator says Didi delisting does not concern other U.S. listed Chinese firms
Activision cooperating with federal insider trading probes – filing
(Reuters) - Activision Blizzard is cooperating with federal investigations into trading by friends of its chief executive shortly before the gaming company disclosed its sale to Microsoft Corp, it said in a securities filing on Friday. It received requests for information from the U.S. Securities and Exchange Commission and received a subpoena from a Department of … [Read more...] about Activision cooperating with federal insider trading probes – filing
