Tag: GRM

  • Broadcom in talks to buy VMware

    May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud services provider VMware Inc (VMW.N), people familiar with the matter have told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms of the deal being discussed could not be learned. The […]

  • Musk says ‘Tesla is on my mind 24/7’ amid concerns over Twitter distraction

    SAN FRANCISCO, May 19 (Reuters) – Tesla (TSLA.O) CEO Elon Musk said on Thursday that “Tesla is on my mind 24/7” trying to assuage public concerns. investors about being distracted by a Twitter (TWTR.N) deal that depressed stocks of the electric car company. Posting a photo showing a woman (Tesla) upset by her boyfriend (Elon) […]

  • Allianz to pay $6 billion in US fraud case, fund manager charged

    NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) has agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud following to the collapse of its Structured Alpha funds earlier this year. Covid19 pandemic. Allianz’s settlements with the US Department of Justice and the […]

  • Musk seeks evidence on Twitter spam bot share to move deal forward

    May 17 (Reuters) – Elon Musk said on Tuesday his $44 billion bid would not go ahead until Twitter Inc proves that spambots make up less than 5% of its total users, some hours after suggesting he might seek a lower price for the business. “My offer was based on the accuracy of Twitter’s filings […]

  • JetBlue becomes hostile to Spirit Airlines purchase after rejection

    CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking no for an answer in its quest to buy rival Spirit Airlines (SAVE.N). The New York-based carrier launched a hostile cash takeover bid for Spirit Airlines on Monday, two weeks after the low-cost carrier rejected an offer from its biggest rival. JetBlue, which […]

  • Elon Musk says Twitter’s legal team told him he violated an NDA

    Tesla CEO Elon Musk attends the groundbreaking ceremony for the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song Join now for FREE unlimited access to Reuters.com Register May 14 (Reuters) – Elon Musk tweeted on Saturday that the legal team at Twitter Inc (TWTR.N) accused him of breaching a non-disclosure agreement by […]

  • Twitter CEO announces departure of two executives, hiring on hold amid Musk takeover

    A Twitter logo 3D printed over non-3D printed Twitter logos is seen in this illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration Join now for FREE unlimited access to Reuters.com Register May 12 (Reuters) – Two senior executives at Twitter (TWTR.N) who oversee the consumer and revenue divisions will leave the social media company, chief executive […]

  • Musk says he would overturn Twitter ban on Donald Trump

    May 10 (Reuters) – Billionaire Elon Musk said on Tuesday he would reverse the ban on Twitter imposed on former U.S. President Donald Trump when he buys the social media platform, the clearest signal yet. day of Musk’s intention to cut site moderation. Musk, the world’s richest person and chief executive of electric vehicle maker […]

  • Investors think Musk is unlikely to buy Twitter at the agreed price of $44 billion

    May 10 (Reuters) – The stock market said for the first time on Tuesday that Elon Musk was unlikely to acquire Twitter Inc (TWTR.N) for $44 billion, as he had originally agreed. The implied probability of the deal closing at that price fell below 50% when Twitter shares reached $46.75, based on the deal price […]