Money
This investor sold its equity stake in Twitter during Musk takeover saga
A Securities and Exchange filing has showed active investor Elliott Management has sold its equity stake, as well as cutting its exposure, to Twitter
The company previously held 10 million stocks in the social media giant, and was one of its major shareholders.
Twitter’s stock price dramatically rose in April, on the back of Elon Musk wanting to buy the company for approximately $44billion.
The after-effects of the takeover saga are still ongoing, with the billionaire and Twitter embroiled in a legal battle.