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Elon Musk makes an offer Twitter could refuse, for $41 billion

Multi Billionaire and business tycoon Elon Musk who has recently refused to join Twitter’s board of directors team now offers $43.39 billion in cash in cash to buy 100 percent of the equity stake in Twitter.

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Elon Musk

Multi Billionaire and business tycoon Elon Musk who has recently refused to join Twitter’s board of directors team now offers $43.39 billion in cash in cash to buy 100 percent of the equity stake in Twitter. Musk said the social media company needs to become private if it wants to see some good changes in upcoming times.

Twitter Inc. also confirmed the news and said in a regulatory filing that the billionaire, who is the also biggest shareholder in the company wrote the letter to the firm on Wednesday, under which he has offered the board to buy the remaining shares of Twitter that he doesn’t own.  

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Musk in a letter told the Twitter’s board chairman, Bret Taylor, that he has offered to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before he began investing in Twitter and a 38% premium over the day before his investment was publicly announced. He further added that his offer is best and final, if not accepted, then he would need to mark his designation as a shareholder in the firm, he added.

Take a look at Elon Musk Tweet

Space X CEO said that he has invested in Twitter because somewhere deep down he thought the platform has potential for free speech for all the users across the globe. He said free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form, he added.

Musk has amassed over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in hot water with regulators.

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2 masked burglars steal jewellery worth Rs 62 lakh and Rs 3 lakh cash in Haryana’s Panchkula, video viral | WATCH

The owner of the house, advocate Charanjit Singh, stated in a complaint that he had gone to Chandigarh with his wife and mother-in-law to buy furniture when the burglary happened.

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masked burglars steal jewellery

Two thieves broke into a lawyer’s house in Haryana’s Panchkula on Sunday afternoon and stole gold cash and jewellery worth lakhs. The incident has been captured in the CCTV installed in the house.

The video shows two masked burglars escaping with gold and diamond jewellery worth Rs 62 lakh and cash of Rs 3 lakh from a house in just 27 minutes. The robbery took place in Panchkula’s Sector 4 and a case has been registered at the Sector 5 police station.

Advocate Charanjit Singh, whose house was burgled, stated in the complaint that he had gone to Chandigarh with his wife and mother-in-law to buy furniture. When they returned at 6:45 pm, the lock on the main gate was broken. Worried, he entered the house and saw that things were scattered inside the house. He immediately informed the police about the burglary.

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A team of police personnel reached the spot and started the investigation. They filed an FIR based on the CCTV footage and the owner’s complaint. The police have taken possession of the CCTV footage and are looking to capture the accused.

Singh added that the burglars arrived in a Swift car and entered their home 10 minutes after they left. The burglar initially rang the doorbell, and when no one responded, he attempted to break the lock of the main gate. After he failed to break it, he brought another of his accomplices and together they broke the lock with a rod in seconds.

The burglars then broke into the house. The face of one thief was covered by a handkerchief, whereas the face of the other was plainly apparent. Another was in the vehicle.

Bottle hurled at Kailash Kher during Hampi Utsav concert for not singing Kannada song, two held | WATCH

Adani Group holding back India’s future, draped in tricolour while systematically looting nation: Hindenburg

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LATEST SPORTS NEWS

PM Modi, Virat Kohli, Rohit Sharma and others congratulate Indian Women’s team for winning Under 19 T20 World Cup

Indian bowlers Shafali Verma, Mannat Kashyap and Sonam Yadav took one wicket each in an impressive bowling performance.

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ICC Women's World Cup

India won the first-ever ICC Women’s Cricket Championship by defeating England by seven wickets at Senwes Park in Potchefstroom on Sunday. Indian bowlers Shafali Verma, Mannat Kashyap and Sonam Yadav took one wicket each in an impressive bowling performance.

Prime Minister Narendra Modi congratulated the women’s team for achieving a historic feat. PM Modi in a tweet wrote, Congratulations to the Indian Team for a special win at the ICC U19 T20 World Cup. They have played excellent cricket and their success will inspire several upcoming cricketers. Best wishes to the team for their future endeavours, he added.

Virat Kohli, Rohit Sharma, KL Rahul and others from the cricket fraternity also poured wishes to Indian team for an impressive win.

Virat Kohli tweeted U-19 World Cup Champions! What a special moment! Congratulations girls, on your triumph.

Read Also: ICC Womens’s U-19 World Cup: Women in Blue celebrate with Kala Chashma dance | WATCH

Rohit Sharma in a tweet wrote, Big congratulations to the U-19 girls’ cricket team for winning the World Cup. Well done on making the nation proud.

KL Rahul also praised the Indian women’s team and tweeted, What a performance by the girls at the U-19 Women’s World Cup. A true testament of skills and determination. Congratulations.

Harbhajan Singh also congratulated the Indian women’s team on winning the first-ever Under 19 T20 world cup. He tweeted Proud of our girls for winning the Inaugural Women’s U-19 T20 World Cup. With your talent, enthusiasm and passion for the game, many such opportunities are certain. This is just the beginning and you have a long way to go. My best wishes are always with you.

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Bottle hurled at Kailash Kher during Hampi Utsav concert for not singing Kannada song, two held | WATCH

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Latest business news

Adani Group holding back India’s future, draped in tricolour while systematically looting nation: Hindenburg

Hindenburg Research on Monday hit back at the Adani Group, day after the business house dubbed the New York-based firm’s report as “calculated attack on India.”,

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Adani Group

Hindenburg Research on Monday hit back at the Adani Group, day after the business house dubbed the New York-based firm’s report as “calculated attack on India.”

In a 413-page response titled “Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised,” Hindenburg Research accused the Adani Group of holding back India’s progress by draping itself in the Indian flag while systematically looting the nation.

Hindenburg said it believes that India is a vibrant democracy and an emerging superpower with an exciting future. However, the research group alleged that the country’s future was being held back by the Adani Group, “which has draped itself in the Indian flag while systematically looting the nation.”

Hindenburg stressed that it’s a firm believer in the fact that fraud is fraud even when perpetuated by one of the wealthiest individuals globally.

The firm’s statement comes in response to the Adani Group’s note to its stakeholders in which it rebutted the allegations levelled by the short seller firm.

The note claimed that the report was a deliberate attempt to target a specific company but also to tarnish India’s image.

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In its note, Adani Group termed the allegations as a “calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India.”

Adani Group claimed that the research group’s report contains nothing new other than “selective and incomplete extracts of disclosed information which has been in the public domain for years.”

However, in its statement, Hindenburg said the Adani Group’s response largely either confirmed or attempted to sidestep their findings.

It said that their report asked 88 specific questions of the Adani Group who in response, failed to “specifically answer 62 of them.”

 Instead, Hindenburg claimed, Adani Group mainly grouped questions together in categories and provided generalized deflections.

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PM Modi, Virat Kohli, Rohit Sharma and others congratulate Indian Women’s team for winning Under 19 T20 World Cup

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