SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold AWS-4 and H-block licenses to SpaceX for ~$17B in September
EchoStar Corp. reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk's SpaceX …
In response to Elon Musk's $97.4B OpenAI bid, Sam Altman says on X “no thank you but we will buy twitter for $9.74 billion if you want”; Musk replies “swindler”
OpenAI CEO and co-founder Sam Altman appeared to shut down a reported offer from an investor group led …
Koo, an Indian rival to X that had raised $60M+ from Tiger Global, Accel, and others, shuts down after last-resort acquisition talks with Dailyhunt collapsed
The Indian social media platform Koo, which positioned itself as a competitor to Elon Musk's X, is ceasing operations …
T2, a rival to X launched after Elon Musk's takeover, rebrands as Pebble with a new logo and says T2 was never meant to be its permanent name
An X challenger didn't hide its ambitions to take on the social network formerly known as Twitter when it dubbed itself T2 at launch …
Bio: before buying Twitter, Elon Musk promised Jack Dorsey that, if Dorsey ever needed money, Musk would buy Dorsey's stock at the $54.20/share takeover price
Jack Dorsey had second thoughts about supporting Elon Musk's takeover of Twitter, so Musk made Dorsey a secret offer he couldn't refuse … Mastodon: @Jonathanglick@mstdn.social Mastodon: Jonathan Glick...
Sources: Elon Musk's team has been exploring selling up to $3B in potential new Twitter shares to help repay some of the $13B in debt tacked on for the buyout
Wall Street Journal :
A look at Elon Musk's options to meet his $13B debt obligations after the Twitter buyout; sources say the first interest installment could be due by January-end
Billionaire faces tough choices to meet financial obligations of takeover financed by $13bn debt
Sources and docs: Elon Musk's SpaceX orders a large Twitter ad package, promoting Starlink in a “takeover” in Spain and Australia that can cost $250K+ per day
- Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter …
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in late March 2022, falling apart in July, and closing late on October 27
Financial Times :
Sources detail the twists and turns in Elon Musk's $44B Twitter takeover, starting in March, falling apart, and then closing late on October 27
Even as his $44bn buyout came down to the wire, Elon Musk kept Twitter guessing. — Normally, lawyers and advisers on each side …