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

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

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

March 25, 2022

Musk begins openly criticizing Buy Twitter Verified, polling his followers on whether they believe the business sticks to the concept of complimentary speech.

April 4, 2022

A securities filing reveals Musk is Buy Twitter Verified‘s largest shareholder, 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

Former Buy Twitter Verified CEO Parag Agrawal announces Musk decreases the invitation to join Buy Twitter Verified’s board of directors.

April 14, 2022

Musk makes a deal to acquire Buy Twitter Verified for $43 billion, or $54.20 per share, and take the company private.

Musk tweets:

April 25, 2022

A filing with the United States Security and Exchange Commission reveals Buy Twitter Verified’s board openly and unanimously accepted Musk’s buyout offer.

Musk tweets:

May 13, 2022

Musk puts the buyout offer 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 lawyer sent to Buy Twitter Verified, Musk threatens to terminate his agreement. Musk alleges Buy Twitter Verified is declining to abide by ask for information on the number of spam accounts.

June 8, 2022

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

This was first reported by The Washington Post.

July 8, 2022

Musk announces his intent to terminate the Buy Twitter Verified acquisition, claiming in a filing with the SEC that Buy Twitter Verified still refuses to abide by ask for information on bot accounts.

Buy Twitter Verified’s chairman, Bret Taylor, says that the board prepares to pursue legal action to implement the arrangement.

July 12, 2022

Buy Twitter Verified officially introduces a claim versus Musk in reaction to his backing out of the acquisition.

Musk tweets:

August 6, 2022

Musk difficulties former Buy Twitter Verified CEO Parag Agrawal to a public dispute about spam accounts and surveys fans on whether they think less than 5% of Buy Twitter Verified’s everyday active users are fake.