Twitter says Silver Lake will invest $1B as it enters into an agreement with Elliott Management to avoid ousting Dorsey and launches a $2B share buyback program
This is breaking news. Please check back for updates.
CNBC Lauren Feiner
Related Coverage
- Twitter, Inc. Announces Partnership With Silver Lake and Elliott Management PR Newswire
- Twitter Reaches Deal with Activist Fund That Sought C.E.O.'s Ouster New York Times · Kate Conger
- Twitter strikes deal with activist investor to keep Jack Dorsey as CEO NBC News · Jason Abbruzzese
- Twitter will keep Jack Dorsey as CEO in deal with activist investor group The Verge · Jacob Kastrenakes
- Twitter, Elliott Strike Truce That Leaves CEO Dorsey in Place Wall Street Journal · Corrie Driebusch
- View article Vox
- Jack Dorsey to remain as Twitter CEO after deal with Elliott Management and Silver Lake Axios · Fadel Allassan
- Twitter CEO Jack Dorsey isn't going anywhere (for now) Yahoo Finance · Igor Bonifacic
- Jack Dorsey will remain Twitter's CEO after activist investor challenge CNN · Kaya Yurieff
- Jack Dorsey will remain the CEO of Twitter as part of a truce it just struck with an activist … Business Insider · Lisa Eadicicco
- Jack Dorsey Remains Twitter CEO After Company Makes Peace With Activist Investor Variety · Todd Spangler
- Twitter partners with Silver Lake and Elliott, Dorsey still CEO Neowin · Paul Hill
- Twitter, Elliott in Truce on Board Seats, Silver Lake Investment Bloomberg · Scott Deveau
Discussion
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Vox
Peter Kafka
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Twitter CEO Jack Dorsey gets to keep his job — for now
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@kadhim
@kadhim
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Turns out the thing Twitter really needed was debt-funded share buybacks 🤷♂️ https://www.prnewswire.com/... https://twitter.com/...
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@pkafka
Peter Kafka
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This is a very temporary cease fire: A new board committee - which includes the guy who wants to fire Dorsey - will evaluate Dorsey's performance, and report back by the end of year. https://twitter.com/...
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@edmundlee
Edmund Lee
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If you'd followed activist investor Elliot's campaign against AT&T you won't be surprised / should have anticipated the settlement with Twitter ... Elliot hasn't really gotten the things it has fought for https://www.nytimes.com/...
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@silverlake_news
Silver Lake
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Silver Lake is excited to partner with @Twitter by investing and joining the board and we look forward to working alongside @Jack and the whole team to drive long-term innovation and success at this revolutionary company. More here: https://www.prnewswire.com/...
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@anthony
Anthony DeRosa
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The agreement calls for Twitter to appoint two new board members, with a promise to search for a new independent director, and make $2 billion in share repurchases. https://www.wsj.com/...
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@vijayshekhar
Vijay Shekhar
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So happy to hear - @Jack will continue to be CEO of Twitter. https://www.wsj.com/...
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@pkafka
Peter Kafka
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Guy who wants to fire Twitter CEO @jack Dorsey just got a seat on Twitter's board of directors. But instead of firing Jack (for now) Twitter will buy $2 billion worth of its own shares. https://www.prnewswire.com/...
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@sriramk
Sriram Krishnan
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It's a crazy morning of news but I for one am thrilled for Twitter and @jack and @omidkordestani and all my ex-tweep colleagues there. 💪❤️
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@stevekovach
Steve Kovach
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Twitter has a new goal to increase mDAUs 20% https://www.cnbc.com/...
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@sallyshin
Sally Shin
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BREAKING: Elliott ending battle with Twitter https://twitter.com/...
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@stevekovach
Steve Kovach
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Twitter gets deal with Elliott. Silver Lake also investing $1 billion. Elliott and Silver Lake each get a board seat. Dorsey stays CEO. https://www.cnbc.com/...