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The Twitter and Musk deal takes another U-turn

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2 years ago

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The Twitter and Musk deal has taken another turn as a judge postpones the trial

The Twitter and Musk deal has changed direction, once again.

A Delaware judge has postponed the Twitter v Elon Musk trial. The moves is to give the Tesla chief executive time to complete his proposed $44bn takeover.

The litigation was halted until October 28 to allow both parties to close the transaction, after Musk said he needed time to put together the funds for the deal.

Judge Kathaleen McCormick said if the deal did not close by her deadline the parties will need to contact her to schedule a November trial.

But Twitter argued the court should reject the proposal, saying Musk’s financing plan is “an invitation to further mischief and delay.”

Twitter and Musk were originally due to face off after announced his decision to walk away from the deal.

Musk has so-far raised $15.4 billion for the takeover by selling Tesla shares and is also leaning on large investors for another chunk of the financing.

There is speculation over whether he may need to sell more Tesla stock to fund the deal.

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William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Leaders

Trump does not want another debate rematch with Harris

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1 day ago

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September 13, 2024

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Republican nominee Donald Trump said on he would not participate in another presidential debate against Kamala Harris ahead of the Nov. 5 election.

“THERE WILL BE NO THIRD DEBATE!” the former president wrote on social media site Truth Social.

Although Trump touted his performance on Tuesday against Harris, six Republican donors and three Trump advisers believe Harris had won the debate largely because Trump was unable to stay on message, according to a report by Reuters. #featured #trending

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News

Billionaire & engineer make history after world’s first private space mission

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1 day ago

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September 13, 2024

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A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

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Money

What to expect for IPO markets

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2 days ago

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September 13, 2024

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With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

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