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Business & Lifestyle

Elon Musk to exit $44 billion Twitter purchase deal

AUSTIN/SAN FRANCISCO (UPI) -- Billionaire entrepreneur Elon Musk indicated Friday he is seeking to call off his proposed $44 billion deal to buy the Twitter social media platform. In a letter sent to Twitter's chief legal officer and disclosed in a Securities and Exchange Commission filing, Musk's attorneys contend Twitter "has not complied with its contractual obligations" to provide accurate assessments of how many fake user accounts are on its system. Musk: Twitter never provided accurate info on daily active […]

July 9, 2022 3

Business & Lifestyle

Dropbox confidentially files for IPO

SAN FRANCISCO (UPI) -- File-storage company Dropbox confidentially filed for a U.S. initial public offering Thursday, people familiar with the matter said. The company, valued at $10 billion, is expected to make the public offering led by Goldman Sachs Group Inc. and JPMorgan Chase & Co. in the first half of this year, Bloomberg reported. Non-public filings have occurred more often since July, when the U.S. Securities and Exchange Commission began allowing all companies to file early IPO documents confidentially. A total of 26 U.S. […]

January 11, 2018 7

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