Elon Musk has terminated his $44 billion deal with Twitter, sparking a legal dispute with the social media company over the failed agreement. According to filings submitted by Mr. Musk’s lawyers, Twitter neglected to respond to numerous requests for information regarding fake or spam accounts on its platform, which is crucial to the performance of …
Twitter has been granted an expedited hearing for its push to compel Elon Musk to fulfill his $44 billion acquisition, citing the Tesla billionaire’s continuous harm to the company. Delaware judge Kathaleen McCormick ruled in favor of Twitter, setting the trial date for October. Mr. Musk’s legal representation attempted to postpone the trial until next …
David Reynolds, an analyst at Davy Research, has characterized the accounting restatement as an “oversight,” expressing reservations about its impact on investor confidence. However, during Thursday’s results call, Mrs. Gustafsson confidently stated that Darktrace has a proven business model that generates cash and that today’s results exemplify the company’s strong performance. She also emphasized that …
At iRobot headquarters in Bedford, Massachusetts, a display of a vacuuming Roomba model robot catches the eye. This acquisition is at the center of attention as Amazon plans to acquire iRobot for $1.7 billion. The Competition and Markets Authority (CMA) in the UK has given its approval for the deal, stating that it will not …
A person departs a Cava restaurant chain location in Pasadena, California, Feb. 6, 2023. Mario Tama | Getty Images News | Getty Images As Cava makes its public debut on Thursday, other restaurant companies will closely observe its performance before deciding whether to follow suit. The past 18 months have witnessed the slowest initial public …
The merger between Microsoft and Activision Blizzard worth $69 billion is being scrutinized by Britain’s competition watchdog. The Competition and Markets Authority (CMA) has stated that it may block the merger or require Microsoft to divest the Call of Duty franchise, which is one of the most successful video games involved in the deal. Call …