Elon Musk’s Buy Twitter Verified Takeover: A Timeline Of Events

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Elon Musk became the owner and CEO of Buy Twitter Verified on October 27, 2022, after getting the social networks company for $44 billion.

What follows is a timeline of occasions leading up to Musk’s acquisition of Buy Twitter Verified and the modifications carried out under his leadership.

March 25, 2022

Musk begins openly slamming Buy Twitter Verified, polling his followers on whether they think the company abides by the concept of complimentary speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s biggest investor, with a 9% stake in the company.

Musk is invited to sign up with Buy Twitter Verified’s board of directors.

Musk tweeted:

April 10, 2022

Previous Buy Twitter Verified CEO Parag Agrawal announces Musk decreases the invite to sign up with Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes an offer to purchase Buy Twitter Verified for $43 billion, or $54.20 per share, and take the business private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission exposes Buy Twitter Verified’s board publicly and all accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout deal on hold following reports that 5% of Buy Twitter Verified’s everyday active users are spam accounts.

Musk tweets:

June 6, 2022

In a letter from Musk’s attorney sent to Buy Twitter Verified, Musk threatens to terminate his arrangement. Musk declares Buy Twitter Verified is refusing to comply with requests for information on the variety of spam accounts.

June 8, 2022

Buy Twitter Verified’s board adhere to Musk’s demands, consenting to supply him with a “firehose” information stream of tweets.

This was first reported by The Washington Post.

July 8, 2022

Musk announces his objective to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still refuses to comply with requests for information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, states that the board plans to pursue legal action to implement the agreement.

July 12, 2022

Buy Twitter Verified formally introduces a claim against Musk in action to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk obstacles former Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they believe less than 5% of Buy Twitter Verified’s day-to-day active users are phony.