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☆ Biden says Elon Musk's relationships with foreign countries are 'worthy of being looked at'
▼ + stars: | 2022-11-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

President Joe Biden said Elon Musk's ties with foreign countries are "worth being looked at." A Saudi prince and a Qatari sovereign fund's subsidiary are major investors in Musk's Twitter. "I think that Elon Musk's cooperation and, or, technical relationships with other countries is worthy of being looked at," he told reporters at a White House press conference. White House officials had earlier denied reports that it was planning a security review of Musk's dealings with Twitter. "The national security review, that is not true," said White House press secretary Karine-Jean Pierre on October 24.

☆ Tesla stock hits 2-year low after Musk sells $4 bln worth of shares
▼ + stars: | 2022-11-09 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +3 min

The latest sale brings the total amount of Tesla stock sold by Musk since last November to about $36 billion - despite his having said earlier that he would sell no more of his shares. Tesla shares have fallen more than 50% since touching a record high on Nov. 4 of last year. With the latest sale of his Tesla stock, Musk "yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment," Wedbush Securities analyst Dan Ives said. Analysts had expected Musk to sell more Tesla shares to finance the $44 billion Twitter deal, but it was not clear whether the sales were related to the Twitter acquisition. It is not clear whether all of the equity investors lived up to their equity commitment.

☆ President Biden says Elon Musk's relationships with other countries are worth looking into
▼ + stars: | 2022-11-09 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

In this article TSLATWTR Follow your favorite stocks CREATE FREE ACCOUNTJoe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty ImagesAsked on Wednesday whether Tesla , SpaceX and Twitter CEO Elon Musk posed a threat to national security, President Joe Biden said that the centi-billionaire's "relationships with other countries is worthy of being looked at." Biden said, "Elon Musk's cooperation and/or technical relationships with other countries is worthy of being looked at. Throughout 2022, Musk has accused the President of ignoring his electric vehicle venture, Tesla, despite its success, and favoring legacy automakers and their unions. The kingdom of Qatar also participated in Musk's Twitter deal. The Ukrainian government, which generally praises SpaceX and Musk, is now looking for alternatives to Starlink, Vice Prime Minister Mykhailo Fedorov said last Thursday.

☆ Twitter founder Jack Dorsey to remain invested in the company under Elon Musk
▼ + stars: | 2022-11-01 | by ( Clare Duffy | ) edition.cnn.com time to read: +3 min

New York CNN Business —Twitter co-founder and former CEO Jack Dorsey stepped down from the company’s board earlier this year, but he’s staying involved with the social platform following its takeover by Elon Musk. Almost immediately after taking over the company, Musk dissolved Twitter’s board of directors. Later that year, Musk defended Dorsey when he was facing pressure from an activist investor, saying on Twitter, “I support @Jack as Twitter CEO. Dorsey stepped down as Twitter CEO last November and left its board of directors in May. In April, after Musk agreed to buy the company, Dorsey pledged his support for the takeover.

☆ The US and Saudi Arabia traded petty insults in an feud over oil after a reported secret deal fell apart
▼ + stars: | 2022-10-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

The US and Saudi Arabia are in a dispute over reports of an abandoned secret oil deal. Biden wants more oil output to drive down prices, but Saudi and its OPEC partners plan the opposite. The backdrop to the dispute is the decision in October by Saudi Arabia and other oil producers to cut output and keep prices high. "I think we as Saudi Arabia decided to be the maturer guys and let the dice fall," Abdulaziz told an international investors summit in Riyadh this week, according to Reuters. Biden said there will be "consequences" for Saudi Arabia over its decision to reduce oil supplies, but has not specified what they will be.

☆ Musk informs co-investors he plans to close Twitter deal by Friday-source
▼ + stars: | 2022-10-25 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

FILE PHOTO: An image of Elon Musk is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. Musk pledged to close the deal on a video conference call on Monday with bankers who are helping fund the deal, according to the report. Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag and closing costs. Banks, including Morgan Stanley and Bank of America Corp, have committed to provide $13 billion of debt financing to support the deal. The closure of the deal will put to rest months of speculation that the erratic entrepreneur would abandon the takeover.

☆ Musk informs co-investors he plans to close Twitter deal by Friday, person familiar says
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - Elon Musk has notified co-investors who committed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the matter. The move is the clearest sign yet that Musk plans to comply with a Delaware court judge's deadline to complete the transaction by Friday. Musk pledged to close the deal on a video conference call on Monday with bankers who are helping fund the deal, according to the report. Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag and closing costs. Banks, including Morgan Stanley and Bank of America Corp (BAC.N), have committed to provide $13 billion of debt financing to support the deal.

Oct 28 (Reuters) - Elon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. That had left Musk in need for an additional $22.4 billion of funds to cover the equity financing portion of the deal. Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.

☆ Analysis: Saudi prince's Ukraine mediation signals 'useful' Russia ties - analysts
▼ + stars: | 2022-09-23 | by ( Aziz El Yaakoubi | ) www.reuters.com time to read: +5 min

With Prince Mohammed's mediation, Russia on Wednesday released 10 foreigners it had captured in Ukraine, including five Britons and two Americans. He denied the Crown Prince had become involved to rehabilitate his reputation. U.S. citizens Alexander Drueke, 39, and Andy Huynh, 27, both from Alabama, are expected to leave Saudi Arabia within days, officials said. But Saudi Arabia has shown little readiness to join the effort to isolate Russia. U.S. National Security Adviser Jake Sullivan, Secretary of State Antony Blinken and British Prime Minister Liz Truss thanked the Saudi crown prince for his role.

☆ Billionaire Russian oligarch Roman Abramovich met Saudi Prince Mohammed bin Salman to help broker a Russia-Ukraine prisoner swap, report says
▼ + stars: | 2022-09-23 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Russian oligarch Roman Abramovich and Saudi Prince Mohammed bin Salman met in late August. Their meeting helped broker a Ukraine-Russia prisoner swap announced Thursday, Bloomberg reported. In a major prisoner swap announced Thursday, Ukraine handed over 55 captives, including pro-Russian tycoon Viktor Medvedchuk. The Saudi, Ukrainian, and Russian governments did not immediately respond to separate requests for comment from Insider on the prisoner swap Friday. The Sun newspaper reported Thursday that Abramovich was on a private jet used to transport the freed foreign prisoners from Russia to Saudi capital Riyadh.

☆ Twitter hunts for documents showing possible connection between Elon Musk and former executive turned whistleblower Peiter 'Mudge' Zatko
▼ + stars: | 2022-09-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Zatko accused Twitter of lax security and other missteps during his time as a top executive. He also sided with Elon Musk in claiming "bots" are improperly quantified on the platform. Twitter now wants to know if Zatko has had prior dealings with Musk or those on his side of the deal. He also openly sided with Musk and his claims that Twitter hosts more "bots" or fake accounts that it publicly discloses. A section of Zatko's disclosure is titled "Lying about Bots to Elon Musk" and accuses Twitter of misrepresenting how it counts and combats spam accounts, saying "Elon Musk is correct."

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